Not nearly enough. Perfectly so, as the case is. If there were enough gold and silver to easily support the torrent of fiat schmegma then the gold and silver would lose their own significance. Fact is, both the precious brethren are precariously short in supply making each bit more precious still.
Silver may go to parity and beyond. That being matching the gold price. Interesting, as soon as silver hits $20 it becomes the official value of a U.S. minted gold coin. Close, so close. Really more the spirit would be hitting $35 per ounce, USBullSlooies to silver troy ounce because that would be the first demarcation where Dict. FDR slew the honor of the U.S. founders and devalued the dollar to $35/gold ounce. We may hit that mark in 2009. Only the seer upstairs knows the reaction we will see after Beijing.
Since China is more than likely the huge silver short - per T.B. writings - they may gather their toys or the COMEX may seek to spank the hand that feeds and get them out of the market. Force Majeure will become an unwelcome guest at the carcass that will be the silver futures market. Cash only please.
Yes, 2007 was a Precious year. The years ahead will be even more so...
Stay tuned for my 2008 - 2012 predictions!
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