fantastic business , page-19

Thanks Steini.

I really do believe that we are in the right stock, even if until now the timing hasn't been perfect.

By the way, having re-read my post, I of course meant to say that China is the world's biggest "importer" of gold, not exporter.

Leave you with this from Steve Leeb, who predicted oil would go beyond $100 when it was trading at around $25-$30.

"So silver has two drivers going forward. One is the monetary aspect because silver is money. But the other is the industrial component, and the demand for silver to cultivate energy is going to skyrocket. Later on, people will not believe you could buy silver in the $20s. It’s a gift right now at $29.


I think it will be very difficult going forward to acquire large amounts of physical silver. Countries will have a very hard time picking up the necessary silver they will need for all of the demands. When you couple in the investment boom, that is still in front of us, that means the price of silver is literally going into the stratosphere.


The Chinese know this and that is why they are buying so much physical silver, as well as gold. I have said to many times that we are going to have a mania in the junior mining shares, but we are also going to have a mania in the price of physical silver.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/8/21_Leeb_-_Supply_Crunch_To_Send_Silver_Into_The_Stratosphere.html