“Monday Morning’s Peter Krauth thinks that the price of silver could double over the next 12 months, in part, because of Apple,” Jason D. O’Grady reports for ZDNet. “I took particular interest in Krauth’s article because its the intersection of two topics that I’ve been following for decades: Apple and precious metals.”
“Silver’s down almost 40 percent in a year and way off its peak of $47.84 in April 2011,” O’Grady reports. “In his article, Krauth says that ‘Apple is giving us some surprising indications that the demand for silver is much higher than its current price would have us believe.’ He connected some dots and linked January’s 10 week delay of the new 27-inch iMac to a possible shortage of industrial silver in China.”
O’Grady reports, “Krauth thinks that Apple is just one indicator that silver could double over the next 12 months.”
Read more in the full article here.