http://www.blogtalkradio.com/omegamanradio/2012/02/13/episode-566-steve-quayle-round-table-1 3 hour Silver interview with David Morgan, Chris Duane ( Silver Shield from http://dont-tread-on.me/ ) and Steve Quayle
A permabull talkfest? It's the same message over and over: * Euro in its final weeks, months, or years * America has unbearable debt burden * Governments printing like hell * Hyperinflation is coming * Gold and silver manipulated but cannot be for much longer * Gold and silver on the verge of EXPLODING * If all the money in the world had to be covered by gold, gold will be worth thousands more * Get on board, WOOOT! I never hear any of these guys say that when the markets finally do tank, gold and silver will be slammed down hard with the rest of the commodity market. After this, there is a good chance (but not absolute), that gold and silver will rise as currencies face a crisis of confidence, but the permabulls never want to consider the fact PM holders are also likely to feel a lot of pain in the future.
Earthjade, the pain is short lived my friend, in the 'GFC' if you bought gold at 900, it would have dropped to 700, but look 5 years later if you were still holding on at 900 you would have doubledyour money still, even though you could have bought at 700.
But the permabulls won't even say this. As far as they are concerned, everything from here is a rocket straight up. If the price unbelievably goes down, then it was an organised takedown.
Yes, well said Earthjade ... it would be reasonable to have some arguments put forward for the other side, eg. The powers that control currency flow might simply keep this going indefinitely by continuing to disguise/rip off/lie to the general population. I'd also like to have some discussion about the downsides of SHTF circumstances - not necessarily the extreme 'live-in-isolation' scenarios, but the market-crashes/extreme depressions that could eventuate for many years. I'm not sure I'd agree entirely that "PM holders are also likely to feel a lot of pain in the future" as the one thing that seems to me to be true is that we just don't know ... PM holders may or may not feel pain in such a scenario and perhaps to some degree, what we are doing is a hedge (gold) or a bet (silver). Tnx! Disclosure: haven't watched the video posted, taking EJs word for it!
I don't need to to know what the message is going to be. But just to be reasonable, I am listening to it now and it's pretty much as expected. Honestly, what else is someone like David Morgan going to say? The tone of the blogcast is set quite nicely when: * It begins with an exhortation for Christians to prepare for end days and step up into the ranks of the Lord's Army * The theme song from "Where Eagles Dare" is played Classy.
2nd hour gets better. Chris Duane plans never to sell his silver for dollars and wants to set up his own paradigm.
OK, just listened to the whole thing. And I was right, it is a permabull circle jerk with nothing you haven't heard before. Yes, this was a particular piece of incredulity. Apparently, when the dust clears, silver owners will be the new oligarchs of the new economy. He also claims that silver owners will never need to sell their silver in the new economic order since they can just leverage off of their PM assets. Nevermind the fact that leveraging is kind of what is helping create our problems in the first place.
http://www.youtube.com/watch?feature=player_embedded&v=kG_RvXPtIh8#! latest SBSS video from Chris Duane
