posted on Apr, 15 2013 @ 07:25 AM
add another factor into the equasion... thr largest US open pit mine run by Rio Tinto & processing copper along with silver & other rare earth metals
has collapsed ---with no loss of life---
if one has silver keep ahold of it...if your buying coins or small bars then expect the costs to rise for physical possession... even as the
spot-price on PM is like a falling knife.
i find it very unnerving that the Cyprus crisis Z& model for bank account seizures happened as several trend forecasters said 'something' will happen
in around April 2013 affecting the money/currency situation...
then lo & behold the largest producer of copper/silver in the USA has its metals resource shut down because of a mine collapse ---also in April !
strange coincidence or was there underground disruptions to cause the avalanch of the Rio Tinto mine as planned... so that even as gold & silver
proces collapse... the higher cost of these PMs make then common man reluctant to purchase & hold physical gold silver PM
but of course ...the rich elites can sway the dealers about the overly high Premium Price
in fact if there were enough dollars involved the dealer may just erase the Premium altogether to sell say 5 million Silver Eagles at their cost plus
$1 ea or else be holding hundred$ of million$ in $ilver losse$ as the spot price plummets further
there is a great stripping away of wealth going on here and now
fortunately i have already settled two small buying contracts and am awaiting delivery (cross my fingers)
made weeks ago before the April PM crisis' started
related to the April trend forecast of a money/currency collapse issued last fall 2012 by persons like jim willy:
edit on 15-4-2013 by St Udio because: (no reason