Get it while you can. Hint: You want to buy it now, and sell it (or buy things with it) when it is 200.
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Peter Schiff - US Set to Default, Silver Headed to $200
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/6/22_Peter_Schiff_-_US_Set_to_Default,_Silver_Headed_to_$200.html
We’re going to have the same problems as Greece. The reason that Greece can’t pay its bills is that interest rates are rising and the Greeks don’t have the money. Well, the same thing is going to happen in America. When interest rates eventually rise, we can’t afford to pay because we’ve borrowed so much...And unless we can find new buyers of our debt, we’re going to have to default.”
When asked about gold and silver in that environment Schiff replied, “They’ll go straight up. That’s why you want to buy your gold and silver before that atmosphere.”
Regarding silver specifically Schiff had this to say, “I think anything in the low $30’s represents a pretty good entry point for people to buy...Once we go through $50...I see silver going to $200 an ounce. I own a lot of silver personally because of that outlook.”
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