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Physical demand for silver spikes as price drops to an 11-year low

Myra P. Saefong
Thursday, March 19th

“The poor man’s gold is on sale today and the fire sale will not last unless there is an all-out deflationary crash which brings its own appeal in holding silver as a hedge,” said Peter Spina, president of silver news and analysis provider SilverSeek.com.

He disclosed that he recently made a large purchase of silver as its price ratio to US:GCJ20 limbed to historic levels at roughly 130 ounces of silver to buy one ounce of gold.




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