In my humble opinion I think we have finally seen the end of cheap silver. Fasten your seat belts the train is leaving the station. The ETF has been okayed and that is big news. Everyone can invest in silver now and with the market being as tight as it is look for silver to reach dizzying heights.

How high will silver go?

No one really knows. I’ve heard $25. I’ve heard $50. I’ve Heard $100. I’ve heard $500. I’ve heard numbers which I’m afraid to mention.

Silver IS more rare then gold. Silver in today’s society IS more precious then gold. These are just the facts.

2,000 years ago an ounce of silver would buy you 8 sheep or 1 human slave and back then they weren’t using silver in their cellphones. Modern science is uncovering the basic fact that silver is the “Best Germ Fighter We Have”. We possess a metal that not only has the best electrical and thermal conductivity. It kills bacteria dead. It has the best mirror-like finish. It doesn’t corrode. It’s uses are endless. The more society advances through time the more silver plays a prominent role.

Silver is finite. World inventories have been depleted. Primary mines have been used up.

Silver is awakening from it’s manipulated slumber. Look for silver to become the greatest investment vehicle this world has ever seen.

One day soon there will be a defaulted delivery, a short squeeze or just a huge investment demand and silver will break free.

It’s not about how big the wave is, it’s about how hard it hits the wall. The wave is getting bigger and the wall is now in plain view.

Load up your boots. Sell whatever you can. Buy silver. The beginning is here and the end of cheap silver is near.

Today the SEC gave the go ahead for Barclay’s to list their ishares silver etf. It will start trading tomorrow under the symbol slv. This is great news for silverbugs as it opens up a means for investing in silver without paying premiums and not having to store your bullion.
The fundamentals of silver just keep getting better. If you set up a pro’s and con’s list of, will silver appreciate in price, the only con I can come up with is that this market has been run by cons for the past 60 years but their game may be coming to an end. The beauty of this game is that a situation has presented itself and what we are now looking at is the investment opportunity of a lifetime. Silver is real. The price of silver is unreal. Buy silver, tell your friends to buy silver, and with this ETF there is really no more excuses.

Great Panther just put out a news release Monday April 24th announcing the acquisition of another property. We have seen the stock move up in the past couple of days. This company is becoming perfectly positioned to be a forerunner in the silver market. They are already producing silver and own, bar none, one of the hottest 4.2 km’s of silver vein out there. Should be a stellar year with lots of news to come.
I expect this to be a market darling in the silver sector.
Most silver companies you hold your breath as news comes out but with Great Panther you just know it will be good.

Great Panther is my #1 pick and also my largest holding amongst silver stocks.

Main Entry: money
Part of Speech: noun
Definition: currency
Synonyms: Almighty Dollar, banknote, bankroll, beans, bill, boodle, bread, bucks, cabbage, capital, cash, check, chicamin, chips, coin, coinage, dinero, dough, ducats, filthy lucre, finances, fund, funds, gold, gravy, green, green stuff, greenback, hard cash, jack, kitty, legal tender, long green, loot, lucre, mazuma, moolah, pay, payment, pesos, property, resources, riches, roll, salary, scratch, silver, skin, specie, sugar, treasure, wad, wage, wampum, wealth, wherewithal
Source: Thesaurus.com
mon·ey

noun (plural mon·eys or mon·ies)
Definition:

1. medium of exchange: a medium of exchange issued by a government or other public authority in the form of coins of gold, silver, or other metal, or paper bills, used as the measure of the value of goods and services

From the U.S. Constitution:
Section 10. No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility.

Silver has been a form of money for thousands of years and I own coins that prove it.
A while ago I bought silver maple leafs when silver was $6 and today I would most certainly rather have those then the paper I paid for it with.

WEEKLY COMMENTARY
April 25, 2006
A Long Time Coming

By Theodore Butler

It has been almost eight months since I’ve been able to write about a dealer short-covering clean out in silver. It seemed like it took forever. No matter how long it has taken, the good news to the blasting to the downside we have just witnessed is that the dealers (including Mr. Big) have used the sell-off as an opportunity to buy back a large number of their shorts. Actually, it’s a little more involved than that; the dealers created the sell-off by collusively pulling their bids on the decline. (If you’re not clear on that, please read some of my previous articles.)

Now the question becomes, is it done? Have we reached a low risk buy point? I think so, but with the tremendous volatility I can’t say it’s only dimes to the downside, the way I could at 4 or 5 or 6 dollar mark (although it may be). But I can say that there are many, many dollars to the upside, courtesy of a host of reasons not contemplated a few years ago, including the growing potential awareness of the real silver story and the prospective ETF.

I also get the feeling, whether we have seen the bottom of this silver sell-off or not, that the dealers will be very reluctant to sell the next rally, when it comes, which I think is soon. This should free the price dramatically. I say this because I think the dealers have been taught a lesson they will not soon forget. Most of you know that the lessons you have learned in life the hard way, through adversity, are those that are most obeyed. The dealers, likewise, have suffered heavy losses as a result of the 8 month silver rally and are, in fact, covering at substantial loss for the very first time in decades. I think they are more concerned with closing out their shorts and eliminating continued exposure to the upside, than they are with the losses they have booked. I think they will be reluctant to put their heads back into the lion’s mouth by going short again…

The F.D.A has been on a campaign for the last number of years to squash the idea of silver as an antibacterial. Any product that contains silver can only be called a supplement and can not state what it can be used for such as various forms of infections.

When babies are born a silver solution is dropped in their eyes to prevent infection. In every burn ward silver impregnated bandages are applied to wounds because they stop infection and speed up healing time. Drug stores now carry bandages by the major companies that claim to stop infection and speed healing times. Toothbrushes with a silver backing are sold that claim to stop bacteria. U.S and British troops in Iraq have underwear and socks with silver impregnated into the fibers of the textiles to help stop jock itch and athletes foot. Silver socks also eliminate foot odor. Then there are the naturopaths who market colloidal silver with claims of curing numerous diseases such as; acne, AIDS, allergies, appendicitis, arthritis, athlete’s foot, bladder inflammation, blood parasites, blood poisoning, boils, burns, cancer, candida, cholera, colitis, conjunctivitis, cystitis, dermatitis, diabetes, dysentery, eczema, fibrositis, gastritis, gonorrhea, hay fever, herpes, impetigo, indigestion, keratitis, leprosy, leukemia, lupus, lymphangitis, Lyme disease, malaria, meningitis, neurasthenia, parasitic infections: viral, fungal and bacterial pneumonia, pleurisy, prostate, pruritus ani, psoriasis, purulent opthalmia, rhinitis, rheumatism, ringworm, scarlet fever, septic conditions of the eyes, ears, mouth, and throat, seborrhea, septicemia, shingles, skin cancer, staphylococcus and streptococcus infections, stomach flu, syphilis, thyroid, tuberculosis, tonsillitis, toxemia, trachoma, all forms of virus, warts, whooping cough, yeast infection, stomach ulcer, canine parovirus and other veterinary uses, and fungal and viral attacks on plants.

All antibiotics have the problem of super-bugs forming. The virus builds up a resistance and the antibiotics fail to kill the organism. The presence of colloidal silver near a virus, fungi, bacterium or any other single celled pathogen disables its oxygen-metabolism enzyme, its chemical lung, so to say. The pathogens suffocates and dies, and is cleared out of the body by the immune, lymphatic and elimination systems. Because silver works in this way bacterias and viruses can’t build a resistance.

One of the greatest examples of silver’s effectiveness is that NASA and the Russians both use a silver based water purification system in space. Their water must be recycled over and over and the most effective system they found was silver. Silver water purification systems would be so much better then chlorine based. Not only would bacteria and viruses be eliminated but we would be protecting ourselves against many other ills.

To make colloidal silver: run three nine volt batteries in series with alligator clips on each end of the series (one negative, one positive), then get two  thick (approx. 12 gauge) fine silver wires (99.9 available at jewelry supply stores). Put 8 ounces of Distilled water into a clean glass and suspend the two silver wires into the water an inch or two apart. Let this sit for 1/2 hour and then you have colloidal silver. Store in an amber glass jar because it is light sensitive. I use a spray pump bottle (great for spraying shoes, skin etc.) I also like to swish in my mouth to kill the bacteria that form plaque and cause numerous gum diseases. Use the internet to reference your disease and see what silver can do.

When I was about 10 years old my mother would receive dividend cheques from United Keno Hill Mines. I remember she was always happy with this investment of hers and it was the only one I ever remember her having. Alexco now owns the United Keno Hill Properties and the veins that run through this property are nowhere near depleted. A handful of companies tried to get this property and Alexco was the winner. This is a well proven resource of very high grade silver.

News came out yesterday announcing that on Friday Barclay’s of London had 1.5 million ounces of silver stored for the silver ETF. They submitted info to the SEC yesterday.

Now they only need to come up with 128.5 million other ounces for fully backing the fund. Everyone is wondering where this will come from. Could get interesting. People interested in buying physical silver will find this the best way. they won’t get killed by premiums over spot and they don’t actually have to hold silver in physical form.

The Silver User’s Association petitioned the SEC to not have this fund stating that the silver market was to illiquid to handle such a purchase and it would force the price of silver up and jobs would be lost etc. etc. This from an organization which was formed 60 years ago with one purpose, to keep the price of silver low. Sorry boys the party may be ending and you may have to get in line with the rest of us to buy silver at a fair market price.

The following is a work of fiction.

Once upon a time in a galaxy far, far away existed a little planet called Earth. On this planet a species of biped creatures called human beings arose and with time these humans began to multiply. As they became greater and greater in numbers they also learned how to use things that nature had given them to make their lives more and more secure and convenient.

This story deals with two of their discoveries that changed the way they did things. These two things were minerals from the ground and were given the names gold and silver. Both of these metals were very scarce and a term evolved for these two called “Precious Metals”. Gold was a lot more scarce then silver and thus held a greater value. Until this time people traded goods back and forth and that was how business was done. One day someone came up with the idea to pay for goods with either of these precious metals and on that day money was born.

Throughout their history they continued to use these two metals to buy and sell objects. One day someone came up with the idea to make a piece of paper that had a value that was backed by this silver and gold. All went well. As they continued to evolve they invented everything imaginable and then some. There was no end to what these beings could come up with. What became interesting was that a lot of these inventions required silver in their manufacturing and the beings began to take notice of this as their stockpiles of silver began to start depleting whereas their gold kept increasing. With this they would change the value of their silver accordingly.

For many a millennium they held a greater reverence for the metal gold over silver, but with all these newfound properties of silver they began to realize that silver was a far more “Precious Metal” than their gold and the price reflected this accordingly. Soon silver far surpassed gold in price and all went well. THE END.

Please be advised this is a work of fiction and any similarities with any planets in this universe is not intentional.

I started buying bullion a couple years ago. I first bought Canadian Silver Maple Leafs for about 30% over spot. Then I started buying junk silver coins for about 10% over spot. Then one day I bought a set of sterling cutlery on ebay for $250 and when it arrived I weighed it up and realized I had bought silver for about 30% of the spot price. I then bought another set and the same thing happened, I was getting silver for a fraction of what it was worth. I began buying all the cheap sterling I could find on ebay and a couple years ago it was like an endless yard sale of great bargains. One of the first things I discovered was that I was always bidding against the same people. There was about 10 of us in North America buying all the undervalued sterling out there.

Those days have ended but they taught me a couple things:

The first one was that silver could be purchased for less then the value it was worth. PURE INSANITY!!!! I would buy something from someone who had to take photos, spend the time to list the item, pay auction fees and then pay paypal fees for the payment I made. I would receive item take it to one of two guys who gave 90% for melt value and would walk away with a very nice profit. The funny part is the original seller could have went to the melter and made a whole bunch more money for a whole lot less work. In reality I would hand someone a $5 bill they would hand me back a $20 and we would both be happy with the purchase???? I have bought silver on ebay for $0.50 an ounce.

What this has taught me is that society has devalued silver so much that it can be purchased for less then the material it is made from. Try and think of any antique item that can be purchased for less then the value of the material it was made from. I received items that were 150 years old, beautifully handcrafted and what I paid wouldn’t even cover the value of the content. The best part is I have kept the items I like the most and sold the others off to buy mining stock. So now I have sterling cutlery, cups, pitchers, bowls etc. that I use on a daily basis and a lot of my friends have purchased the same from me and everyone comes to me later and says how much they like to eat with sterling cutlery. And with that cutlery having doubled in value over a year, it is truly putting your money where your mouth is.

So in buying bullion, shop around for the best price. Soon there might be an ETF, and also The Central Fund of Canada on the TSX holds 50% silver 50% gold bullion and the price seems to track silver closer then gold.

But I believe the biggest money can be made from the miners.
Buy silver in whatever form you can find.
Silver is real money.
The U.S. constitution states all money must be backed by gold or silver. That rule held true for many a year until recently they decided to back their currency with nothing but the paper it was printed on.
One day that paper might be worth the paper it was printed on and my silver fork might be worth the silver it was made from.
I’ll take the fork any day.