THE FIRST SILVER GURU
In the 1970’s Jerome Smith wrote some of the most powerful commentary on silver ever written. His astonishing record of accurate predictions and his huge following were more than impressive. In his day, he was sensational. Were he alive today, I believe his writing would read like this:
The highest potential for profit exists when a number of primary causes come together, as is the case with silver today. At least eight major bullish factors have converged to set the stage for a possible percentage gain of extraordinary magnitude.
Most Americans don’t realize how truly important silver is to industry and how strong the demand is. Nor do they know that the U.S. government, which had over 3 billion ounces of silver in 1942, ran out of silver last year. Even the national defense stockpile is gone. The known world supply of silver has shrunk to critical levels.
Silver is unique. No other element combines strength with a softness that allows it to be formed and stretched. Nothing conducts electricity as well or is malleable, fatigue resistant or corrosion resistant. Nothing else has such high-tensile strength, is wear resistant, has such a long functional life or is as light sensitive. Silver endures extreme temperatures, conducts heat, reflects light, provides catalytic action, is bactericidal and reduces friction. It alloys and has chemical stability. Due to its exceptional properties, there is no substitute for silver.