Wednesday, August 17, 2011

Silver Update- Confiscation

BrotherJohnF explains why as The Doc has stated repeatedly, government silver confiscation ain't gonna happen. 

At current prices, the concept of silver confiscation is absolutely ridiculous.
In order to back the world's debt using the entire world silver supply, it would take $120,000/oz silver.
Silver would need to rise 1000 fold from current levels for the government to even consider confiscating silver.