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 Business News | June 2007 
Investment Opportunity of a Lifetime?
 Free-Market News Network
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When silver finally begins its explosive up-move, most people will no doubt be taken by surprise. Looking back, historians will chronicle threads seen to be critical to its rise, but which were not fully appreciated at the time. One of these might well be the accumulation of silver by ordinary Mexicans, as a store of value. Hugo Salinas Price has been in the vanguard of that movement for a number of years. Writing on 321gold.com from plata.com.mx, he states:
"We are very distressed, like ants whose anthill has been disturbed, but we do not comprehend at all the cause of our anguish and of the terrible distortions which the free market has brought us, once money ceased to be money."
"The free market, when it operates under the circumstance that one country, the United States, produces the 'money' of the world in unlimited quantities, is no longer a true free market. It is the destruction of everything: industry, agriculture, savings, institutions... it is the demolition of the country - of this country and of all (including the U.S.): the so-called 'globalization'."
"The monetization of silver would act as a balm for a wounded country. It would provide a base for the beginning of concord, a sign of nationalism that the Left is anxious to see and which would not bother the Right at all - what is more, the Right would also love the possibility of saving in silver. It would be a hope, which the next administration could give us, that our problems were being addressed directly with a measure which is tangible and visible by all."
"For this reason I shall continue to insist upon silver as a lifesaver for Mexican salvation. It is not going to resolve all our problems, but it will be a soothing balm that will be very welcome, even though the full cure may take a long time; monetized silver places us on a road which gives us hope."
"Let us hope the monetization of silver is achieved; let us hope that the intelligence of our legislators and of our next president, joined to what their hearts and intuitions tell them, will provide us with monetized silver as soon as possible. We would be the first country in the world to take this step, for the Glory of Mexico!"
Mark O'Byrne Managing Director of Gold and Silver Investments Ltd., Ireland's Asset Diversification and Wealth Preservation Specialist.
Writing in moneyweek.com in a post entitled "Why silver is the investment opportunity of a lifetime" concludes:
"Finally, it is important to put today's total value of all above ground refined silver in the world - $4.2 billion – in context."
"$4 billion worth of Boeing planes was bought by Ryanair in 2005. $4 billion was the cost of stamp duty tax on Irish property in 2006. €8 billion worth of overseas commercial property was bought by Irish investors in 2006. Scottish Ministers are in charge of £2 billion (some $4 billion) of tax revenues. Macquarie, the Australian bank, recently acquired the O2 Airwave police radio business for £2 billion. The 2006 Sunday Times Rich List UK estimated that there were 20 people with a minimum wealth of £2 billion (some $4 billion) residing in the UK."
"Further context is provided in the fact that the actor Will Smith has had a worldwide career box office of $4.4 billion. Microsoft is growing revenues at over $4 billion a year. In March and April of 2007, just two months, one man's wealth increased by $4 billion. Since Forbes calculated its 2007 wealth rankings, they recalculated that in two months the Mexican tycoon Carlos Slim's fortune rose $4 billion to $53.1 billion." |
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