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Posts Tagged ‘base metal’

English: Silver bullion bar 1000oz bottom view...

Silver guru David Morgan said on the January 7, 2012 episode of The Keiser Report on RT (at 22:30):

If you go into the, we’re going into a huge deflationary mode, silver is a self-correcting situation, cause 70% is base metal mining.

This is why, despite detractors pointing to silver as primarily an industrial metal, its value is self-correcting when industrial production drops, if investors are looking for a safe-haven for their wealth.

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