There are a couple of quotes I want you to read today. The fist from a interview done at silverseek with David Morgan who writes the "Morgan Report".
Silverseek has a good article on the long term outlook of silver. Silver is still in a bull market of course, though it has taken a bit of a breather. The article points to a possible short term correction to as low as $12 an ounce before taking off much higher. If I see silver hit $12 bucks I'm backing up the truck! I'm not sure if it will go that low, but if it does don't be dismayed. Look at it as an opportunity. The bull market is far from over. Buy on the dips, or at least dollar cost average you buying during this bull market.
When hyperinflation kicks in, or there is a serious internal strife within a country, gold has been the currency of choice. It allows the owner to flee to a safer more stable country with wealth intact. Silver has always been the runner up, but it is generally not used to travel (flee) with, as it takes a lot more of it to preserve the same amount of wealth.
I ask you, if double-digit inflation (or even hyperinflation) kicks in, where are you going to flee?
Got this press release in my email today. Check it out!
FOR IMMEDIATE RELEASE
People of Lakota Launch Private Bank for Only Silver and Gold Currencies
Hill City, Lakota - November 24, 2008 - In a stunning development, the Free & Independent People of Lakota announced today the introduction of the world's first non-reserve, non-fractional bank that accepts only silver and gold currencies for deposit.
