From the article:
"What’s going to happen to the price of silver is it’s going to go up, way up. All you had to do was close your eyes and hold it and shut your panicked membrane to all of the fools who say it’s too high. I tell you now that the price of silver is going far higher than anybody realizes. it’s going far higher than $50, it’s going to test the $100 an ounce level, and beyond that somewhere between $300 and $500 an ounce. Believe the unbelievable or not.”
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Dines - Now Predicts Silver to Reach $300 - $500 an Ounce
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/7/8_Dines_-_Now_Predicts_Silver_to_Reach_$300_-_$500_an_Ounce.html
With gold and silver on the move along with stocks, today King World News interviewed legendary James Dines, author of The Dines Letter. When asked where he sees things today Dines stated, “The central investing fact in the world today is the coming end of the age of debt. The US government is now borrowing $40 out of every $100 it spends. China is lending the $40 to America perhaps and then with the income from interest, plus the junk they sell to Walmart they buy land in America with it.
The other side says if there is no agreement (on the debt ceiling) by Congress, the US will actually run out of money to pay its bills including paying interest on its debt worldwide. The mainstream press has reported all of the gory details of that really doomsday possibility, which is a straight lie. The government can pay the interest and its military first and let other stuff wait.”
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