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<p>[QUOTE=&quot;Stewart, post: 1155320, member: 19834&quot;]Just from observations I have made over the last couple of years where the price</p><p>of silver is concerned is.</p><p><br /></p><p>The price of silver is not influenced solely by the situations taking place in the U.S</p><p>alone. Silver price is established by global events and markets.</p><p>And over the last couple of years we have had some major changes in the way the </p><p>world is looking at and relating to silver and gold.</p><p>The Chinese have gone from a major exporter of gold to one of the largest importers</p><p>of gold and silver on the planet. Actively getting their population to buy gold and silver.</p><p>China&#039;s largest bank setting up funds for their people to put in small amounts of money at a time, to build up to purchases of ounces of precious metal to be credited to their accounts or taken home for those that want to take physical possession. </p><p>For those that can not afford to buy an ounce at a time.</p><p>Why this even catches my attention at all is the fact that China is a communist country</p><p>and the fundamental core of a communist country is the State itself. With the population</p><p>working for the building of the wealth of the State. Not for the building of wealth</p><p>of the general population. Which they have begun to do by wanting their people to</p><p>purchase precious metals. I am not sure what caused this fundamental shift in</p><p>policy. <b>Maybe</b> getting ready to start a new currency based on silver and gold.</p><p><br /></p><p>With the U.S. Dollar being the reserve currency of the planet that affords </p><p>us a unique position in the world to our great benefit ever since the end </p><p>of World War II. There has been a quite concerted effort to change that </p><p>position that we enjoy. China and Russia set up an exchange at the </p><p>end of 2010 so that they could by pass the U.S. Dollar altogether.</p><p>In February of this year the IMF (International Monetary Fund)</p><p>is pushing to replace the Dollar as the world reserve currency.</p><p>And today the U.N. (United Nations) has joined in on calling</p><p>for a replacement of The U.S. Dollar with a global currency </p><p><br /></p><p><br /></p><p>March of 2010 JP Morgan Chase gets caught red handed suppressing the silver market</p><p>there have always been rumblings of this going on for as long as I can remember. And</p><p>those that did not believe it just chalked it up to conspiracy theory noise.</p><p>But with them being caught in the act. The light begins to come on slowly in peoples</p><p>heads (It was like a lightning bolt in mine I remember the day the story broke in March 2010 very well and I began hard core stacking) with the historical ratio of silver to gold</p><p>being 16 to 1 (16 ounces of silver equal in value to 1 ounce of gold) people began to</p><p>understand that silver was way under valued artificially by JP Morgan&#039;s price </p><p>suppression scheme and began buying accordingly.</p><p><br /></p><p>With a small vendor in Tunisia feeling no respect from those in political power.</p><p>He sets himself on fire in front a local government building, which sparks a protest</p><p>which ends with the removal of the long time repressive Tunisian government.</p><p>Which in turn ignites protests across the Middle East. Egypt is the next Government</p><p>to fall with the entire event played out in the major press outlets of the world</p><p>one was able to watch it every day all day if they so chose to on the internet.</p><p>Live feeds coming out of Tahir Square. Now Libya&nbsp; is going differently and the </p><p>Government is fighting back. Unlike Egypt where the Military were behind the people</p><p>Libya has turned to killing the protesters drawing in the rest of the world into </p><p>the fray. The entire Middle East is on fire right now.</p><p><br /></p><p>There are also protests in the Uk and Germany because they no longer want to </p><p>be part of the disastrous Euro experiment because they feel they are being made to foot </p><p>the bill for bailing out other country&#039;s where the economy has crashed or is crashing</p><p>Portugal, Greece and others.</p><p><br /></p><p>Protests all over Europe for various other reasons where governments are taking from</p><p>the people to give to the banks and other various austerity measures.</p><p><br /></p><p>Protests here in the United States over heavy handed </p><p>actions being enacted by state governments. Whether real or perceived&nbsp; </p><p>The rise in prices of everything from Gas to Bread</p><p>when a lot of people foolishly fell into the whole throw it on a credit card</p><p>thing, and live right to or beyond their financial limits so any rise in prices</p><p>would put them behind on everything.</p><p>&nbsp;people are on fire and revolution is in the air around the planet.</p><p><br /></p><p>And in times of unrest and uncertainty people turn to what has been money</p><p>for thousands of years. Silver and Gold</p><p><br /></p><p>My thoughts are that with gold at it&#039;s current price level</p><p>and the historic silver to gold ratio of 16 to 1 </p><p>the price of silver should be right around the $90.00 per ounce area.</p><p>I just think the current rapid rise in the price of silver is </p><p>due to silvers artificial suppression of price for decades</p><p>and it is just racing to catch up with it&#039;s self.&nbsp; </p><p><br /></p><p>If anyone can think of other reasons I would love to hear them because </p><p>the price of silver and gold directly affect one of the great joys in my</p><p>life, Coin Collecting:hail:</p><p><br /></p><p>Terry</p><p><b><font size="1"><br /></font></b></p><p><b><font size="1"></font></b>[/QUOTE]</p><p><br /></p>

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