$100 Silver, For Starters......Andrew Hoffman

[Serpo]

$100 Silver, For Starters (http://blog.milesfranklin.com/100-silver-for-starters)

Author : Andrew Hoffman
Published: May 20th, 2013
Read the Friday Afternoon Wrap-Up for 5/17/2013 and the Monday Morning Commentary for 5/20/2013 (http://archive.constantcontact.com/fs108/1101357242253/archive/1113486705440.html)
Steve St. Angelo – a/k/a “SRSRocco”; is BY FAR, the best “nuts and bolts” mining analyst out there. Utilizing actual research – as I did as a buy- and sell-side equity analyst from 1996-2005 – he puts together the best forensic arguments for PM undervaluation in our world. And I’m not talking about the vast undervaluation caused by non-stop Cartel SUPPRESSION; but instead, calculations of the marginal cost of production – of gold…
BREAK-EVEN GOLD NOW AT $1,300+ (http://silverdoctors.com/break-even-gold-now-at-1300/)
…and particularly, silver; whose fraudulent PAPER prices make nearly the ENTIRE silver mining industry unprofitable…
BREAK EVEN COST FOR SILVER RISES TOWARDS $30 AS COEUR, HECLA & SILVER STANDARD SHOW NET INCOME LOSSES (http://silverdoctors.com/break-even-cost-for-silver-rises-towards-30-as-coeur-hecla-silver-standard-show-net-income-losses/)
In fact, his fine work inspired several, recent RANTS…
Peak Silver Revisited: Impacts of a Global Depression, Declining Ore Grades & a Falling EROI – Steve St. Angelo (http://news.silverseek.com/SilverSeek/1318263505.php)
…including…
“PEAK SILVER? (http://blog.milesfranklin.com/peak-silver)”
…and…
“UNENDING ENERGY INDEPENDENCE HYPE (http://blog.milesfranklin.com/unending-energy-independence-hype)”
This week, I came across a piece he wrote detailing many of the arguments in “PEAK SILVER? (http://blog.milesfranklin.com/peak-silver)”; demonstrating why silver MUST eventually trade above $100/oz – that is, in pre-HYPERINFLATED dollars…
The Forces that will Push Silver over $100 (http://silverdoctors.com/the-forces-that-will-push-silver-over-100-2/)
Ultimately, the Cartel WILL lose the WAR for $50/oz…
“ULTIMATE QUADRUPLE TOP BREAKOUT (http://blog.milesfranklin.com/the-ultimate-quadruple-top-breakout)”
…resulting in a dramatic plunge in the gold/silver ratio – from its current level around
“54 (http://blog.milesfranklin.com/54)”; inevitably, to much higher levels. In fact, my personal “targets” – based on the “mathematics of gold” formula below and a gold/silver ratio of between 5:1 and 15:1; are $15,000-$20,000/oz and $1,000-$4,000/oz, respectively…
Jim Sinclair revealed Trading Legend Livermore’s Mathematics of Gold (http://myemail.constantcontact.com/The-Mathematics-Of-Gold.html?soid=1102168955637&aid=4gX9phgBDZs)
The reason I publish such research is help you realize just how draconian the impact of 15 years of price suppression has been. Frankly, I don’t care what the ultimate “dollar value” of PMs end up being; as I own ounces in anticipation of the return of the gold standard, whenever that may be; at which point, the “dollar” as we know it will be no more.

Similar Posts:



Peak Silver? (http://blog.milesfranklin.com/peak-silver)
54 (http://blog.milesfranklin.com/54)
Surging Silver Investment (http://blog.milesfranklin.com/surging-silver-investment)


http://blog.milesfranklin.com/100-silver-for-starters



(http://blog.milesfranklin.com/100-silver-for-starters)Andy Hoffman – Another Gold Take Down With A Twist (http://www.brotherjohnf.com/archives/171928)
http://www.brotherjohnf.com/archives/171928 (http://blog.milesfranklin.com/100-silver-for-starters)

[Uncle Salty]

Frankly, I don’t care what the ultimate “dollar value” of PMs end up being; as I own ounces in anticipation of the return of the gold standard, whenever that may be; at which point, the “dollar” as we know it will be no more.


Bingo.

That is the point. Own as many ounces of gold as possible and when a new world reserve currency is established, it will be gold at about 30X what it is now.

[Serpo]

Bingo.

That is the point. Own as many ounces of gold as possible and when a new world reserve currency is established, it will be gold at about 30X what it is now.

After the last couple days this is how I am viewing things also.

[Shami-Amourae]

I sell Silver. Silver will got to $100,000 a troy ounce. Buy my Silver today.

[mamboni]

The Mathematics of Gold Price (http://myemail.constantcontact.com/The-Mathematics-Of-Gold.html?soid=1102168955637&aid=4gX9phgBDZs)


Dear Friends,


Little by little, I am passing on ALL that I have learned from Jesse through Bert and Bert's knowledge to those that read here, every day, in thanks for your support of me and mine. --JEBS (James Edwin Bertram Sinclair)

Assumption:Because gold is held by many central banks, once as a reserve currency but now as an inventory currency, it functions as a swing asset to balance the International Balance sheet of the US.Central banks are sellers of dollars but still hold, by default, large dollar inventories.China has hedged its dollar position 50% through commitments to long term dollar commercial agreements, pay in, mineral, and energy deals internationally. That is an act of pure genius.We can assume other central banks still hold 90% of their reported dollar positions, on average unhedged by commercial obligation positions.In crisis times, the US dollar price of gold ALWAYS seeks to balance the International Balance Sheet of the USA.

Therefore:Take 90% of international US dollar debt less China and then add 50% of the US debt owned by China. Then divide that number by the ounces supposed to be owned by the US Treasury. The result is where gold wants to go.In 1974 this gave me $900 gold. Now you do your homework, and submit your analysis to me. Do this, and I will give you Angels going to that price by a little known technique of Jesse Livermore that only works on gold after it has broken to a new high above all resistance.

Little by little I am passing on all that I have learned from Jesse through Bert to those that read every day in thanks for your support of me and mine.

Jim


mamboni comments: I haven't crunched the numbers; but conservatively there have to be 20 times more dollars created today than in 1974. That would put gold target at $16,000.