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As governments of the world continue to print up far too much paper money to pay for government spending which is counter productive and hurts the economy, precious metals stand to gain, Jason Hommel said.

18 Feb 2013

CALIFORNIA (Commodity Online): Silver prices may reach $45 to $50 by end 2013,as monetary demand for silver and gold is returning, primarily as a store of value and as a form of savings and investment, according to Jason Hommel of Silver Stock Report.

"$50 will likely be an epic price battle that may last 6 months to a year.Silver should hit $75 to $125 in the next peak or run up, likely sometime before the end of 2014," he said.

As governments of the world continue to print up far too much paper money to pay for government spending which is counter productive and hurts the economy, precious metals stand to gain, Jason Hommel said.

The real physical silver market remains tiny. Only about $3 billion per year is flowing into physical silver for investment, about 100 million oz. at $30/oz. This is bound to vastly increase as government spending continues, as the US government spends about $1500 billion more per year than they collect in taxes, which means they have to print that money, which devalues the rest of the dollars, which causes the prices of all things to go up, and especially causes rare things with lasting value, like silver, to go up even more.


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