Silver is about to break above its “Maginot Line” sending price soaring.
Email From KWN Reader
June 2 (King World News) – Email from one of our global King World News readers, Charles P: Suppressed, as always, was the recent news that Florida, Arkansas, and ( almost ) Utah have now made the legal status of gold and especially silver as “money” incontrovertible.
As the 3rd most populous State, Florida is both pacemaker and trendsetter. Other States are now surely going to follow its lead. I’m aware of similar legislation here in Texas, and our Governor is surely behind it and will sign it once passed.
What this is going to do is mobilise a whole new potential demand for silver especially. Given its historical role has always been “poor man’s gold”, the legislation passed will cause those seeking final assurance of silver’s legal status as “money” will now be motivated to act. They may very well act decisively. As the 3rd most populous State, there are surely residents who might be reluctant to spring for gold at $3300+, but will be ready, willing, and able to buy silver at 1/100th of gold’s price.
Online vendors … already make gold “spendable” in the real world for those Customers who wish to do so. Entrepreneurial vendors of online silver are surely going to see the potential. The model is very simple, requiring 3 things:
1. A cooperating vault to hold the silver ( or gold ).
2. A cooperating bank that offers the fiat currency account required and issues the Debit Card to be used to effect the “real world” transactions; and
3. A mobile device App ( iPhone or Android ) to connect items 1 and 2.
Silver About To Breakout Above “Maginot Line”
This is possibly the catalyst that will finally punch silver through the “Maginot Line” of $35 that has been holding silver back, on its way to $50.. $75… $100… who-knows-where.
Meanwhile, as always, keep up the good work!
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