Monday, July 29, 2013

Phenomenal Story For Silver

It’s impossible for China to replace, if they imported over 800 tons of gold last year, and let’s say you couldn’t really buy it, the number they would have to buy is something like 48,000 tons of silver to replace that (gold equivalent). We only mine 25,000 tons a year, and there’s only 10,000 tons of that available for investment. And it looks to me like they (India and China) are buying it all right now.
So I think if this data is true we have the most phenomenal story for silver that you could possibly imagine. We will just nail those paper sellers to the wall here.

- Eric Sprott via King World News: