Monday, January 3, 2011

Is one of the World’s Richest Men Getting Into Silver? via King World News

A source in mergers and acquisitions out of Europe has alerted King World News that Carlos Slim may be looking to enter the silver market in a big way. Gold and silver are in big bull markets and this is attracting the attention of some of the smartest money around the globe. James Turk commented, “If this deal does happen Eric, this is going to make the silver shorts choke.” Fresnillo has a current market cap of roughly $19 billion.....

Eric King - As gold and silver continue to gain prominence in the financial world, it may be the biggest money in the world which is now wanting a stake. If Carlos does this deal as Turk said, it will make a great many investors around the globe take a look at the silver market....
Is zillionaire Slim taking a position in silver?
Submitted by cpowell on Mon, 2011-01-03 18:47. Section: Daily Dispatches

1:45p ET Monday, January 3, 2011

Dear Friend of GATA and Gold (and Silver):

Eric King of King World News and GoldMoney's James Turk today discuss speculation that Mexican zillionaire Carlos Slim is considering getting into the precious metals market by purchasing a large position in silver miner Fresnillo. Excerpts from their discussion have been posted at the King World News blog under the headline "Is the World's Richest Man Getting into Silver?"

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