The prices of gold and silver are breaking out. Bill Murphy, from GATA.org, predicted all of this over a month ago, before the near 30% jump and now he says this is just the beginning. Murphy is further forecasting continued explosive moves to the upside in the metals prices. “It won’t be long in till silver is at $100,” Murphy declares. But is physical precious metals the way to go? Check this fast-moving interview to hear Bill Murphy reveal the other investment he believes will actually outperform the metals as a “10 to 20 bagger.”
Murphy states that if the JP Morgan scandal breaks as he is expecting:
There is no telling what silver could do on the upside due to a short squeeze as JPM holds naked short positions 3 times the deliverable silver available on the COMEX!
Silver market is very tight. The amount of silver available for purchase is far less than the available gold. It will take up to weeks or even months if someone is trying to buy silver in large scale. This is the very first sign of silver shortage. Right now silver price is about $33. It is not surprising to see silver to hit $50 to $60 and it won’t be long before silver price hit $100.
When talked about general economy, Bill Murphy also mentioned the average person is being squeezed. When the financial crisis hits (which many believe is going to happen within a year) standard of living is expected to drop 30% to 35%
You must know how to invest in silver to protect your financial life. If you want to invest in silver but do not know how, the best time to start is to start NOW! The “Perfect Moment” may never come. Great fortune belongs to those who are well prepared~