since then i have referred 4 members of my family and 8 others from the military to invest in PSLV for a total of over $250,000. my belief that silver will continue to rally to historic proportions is more real than anything else i have believed in my entire life. the silver to gold ratio was 40:1 when i originally invested and with today's prices, silver to gold stands a bit over 34:1. my prediction was a ratio of 3:1 in the next 5-10 years. furthermore, i believe gold will reach over $3,000 an ounce in that time frame leaving my guesstimate for silver at just over $1,000 an ounce. in conclusion, this run has only just begun, even though many have made 10X profit from 10 years ago. silver will spike once inventories from jp morgan are revealed and the deficit between amount of consumption and amount of mined silver become aware by the masses. continued backwardation in the present to future silver market is a huge tell tale sign of what's to come and with the federal reserve printing notes at an exponential rate, the devalued dollar will only catapult the price of silver higher. as we approach the all time high of silver at around $50 an ounce, i only hope that more people realize the great potential of this investment. as i have said before, do not be swayed by the volatility of the metal, just be prepared to leverage yourself and purchase more if the price dips. buy and hold is the only strategy for this. i wish all good luck as always!!
PSLV opened at $10/share.. and may have dipped into the high 9's for the first day or two. I got some of the IPO from Morgan Stanley (not that that was any advantage since it dipped below the opening price).