ANOTHER IMPORTANT SILVER BULL
It’s likely that most of our readers have heard of Jim Dines and The Dines Letter. Mr. Dines became famous for his advice to buy gold and silver prior to the 1980 run-up. Subsequently, he has made a number of investment predictions that are astonishing for their accuracy. His specialty is finding super-major bull markets. His call on Internet stocks rendered an 8200% gain. His uranium stocks went up 1,700% and rare earth 1,100%. Subscribers enjoyed gains of 2,000% following his early advice to buy gold.
In his January newsletter, Mr. Dines writes, “The most sensational prediction in this Dines Letter concerns silver. The price of silver is not many dollars above its price a century ago, despite oceans of money having been printed since then. Silver around $16 an ounce looks to us like the single most underpriced monetary asset on the planet. We predict that silver will go above the price of gold, and when that occurs it will be the time to sell both. Silver’s catch-up to true value will probably happen during a currency upheaval and be awe-inspiring to behold. If that means silver is going above $1,000/ounce, then so be it.”
Way back in 1980 Barrons wrote, “James Dines’ prediction – that the price of bullion would someday cross the Dow-Jones Industrial Average – begins to look like one of the most fantastic investment calls on record.” These days, Mr. Dines joins a number of soothsayers who are predicting great things for silver. This includes the world’s foremost expert on silver, Theodore Butler who is a consultant to our firm.