No more silver for war from Bolivia, as workers are on strike BUY SILVER

Posted: March 30, 2011 in Finance, North America-Central America, South America
Tags: , , ,

Oh no! This is real bad news for the government. As this will affect how many bombs they can drop on countries now as missles and bombs all contain around about 14% silver. The price of silver should go on up, as the supply has basically dropped by a large number. BUY silver! BUY BUY!

Third Largest Producer Of Silver Says Production Is Now “Totally Paralyzed” Following Week-Long Strike

Submitted by Tyler Durden

In news that should move the precious metals market, we learn that the world’s third largest producer of silver (as well as zinc and lead) has announced its production is now totally paralyzed. From Reuters: “A week-old strike at Bolivia’s San Cristobal mine has totally paralyzed production and exports of silver, zinc and lead, a union leader said on Wednesday. San Cristobal is the world’s third-largest producer of silver and the sixth-largest producer of zinc, according to Japan’s Sumitomo Corp, which owns the mine.” For those who recall basic central planning economics this means that silver should plunge immediately, and should react even more adversely on news that crude supplies in the US are surging. After all, oil supply demand is far more critical to silver price discovery than the actual supply of a metal that unlike gold, is used in various industrial and peacebringing applications (see Operation Odyssey Dawn).

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