US Economy and Investing in Gold and Silver Part 1
Mike Maloney, Dave Morgan and John Embry discuss the US economy and investing in physical gold and silver
bullion, coin, collapse, depression, devaluation, dollar, federal, gold, inflation, investing, Maloney, metals, mike, Monetary, paul, peter, policy, precious, Recession, reserve, ron, schiff, silver, Store
talk talk talk.. so when is silver going to 40an ounce? ?
they don’t know, when?
never
Who fucking cares? Do you plan on selling at 40/oz or 500-700/oz?
You will see Silver exceed EASILY around 75-100/oz when the COMEX defaults and Silver comes to free mkt levels. There is no way in hell that COMEX can still sell futures Gold or Silver in 2011. They will go down by end of next year
PM is for long term investment, not short term
I hope you’re joking when you say that. When COMEX goes bust, you will see Silver gain more than 700% gains.
Look at what happened to Nickel, a non precious metal and what happened when that default. It gained 500% and that is for a metal that is not scarce.
Now compare that to Silver, the most scarce, precious metal out there.
Sorry I did not state clearly. Those gains will take place in a DAY once COMEX goes bust.
COMEX will not default openly. Some say COMEX already defaulted. Think about that.
I think you’re smokin some good shit if you think silver’s going to $500-$700/0z…. unless you mean it’s going that high due to hyperinflation.
You might want to think about the amount of money was poured after Summer-Fall of 2008 until now and then you also need to think about how long silver has been supressed. In addition to that, add in fear, and add in a huge amount of people when they cannot get Gold, they will immediately run to Silver.
Of course COMEX won’t default openly, that is why all PM holders are wanting more and more people to demand the metal
Yes, your $500-$700 silver speculation will only be due to inflation meaning the real value of silver will not go up that high. Don’t get me wrong, I still think silver is a good buy. I think it well get to $75oz (in todays USD) in 5 years, but who knows what that $75 will look like by then.
And COMEX will just pay the silver in USD like they’ve been doing. That’s it! It’s not going to be a big deal man.
I love these guys
Obama will bail out COMEX as well as Mickey D’s, KFC, BK, DD, Taco Bell etc when he realizes all us dopes will starve without our fast food!!!
Hahaha!
Obamageddon is coming!
Yeah I hope you’re right, but I wont hold my breath.
Silver is 4 – 5 times rarer than Gold.
It is vanishing fast – due to industrial uses and is too cheap to recycle.
In the not too distant future it will be more expensive than Gold.
Get some now while they are giving it away….
It will be like buying 25 Van Gogh paintings for nothing – when he was alive.
Silver will be a $45.00 long before Gold is at $3000.00