Interesting. This would have happened but they fixed it for a while. This would have happened but they manipulated it so they could appear to fix it. The sky is falling and there is a wolf out there. And the moral I always heard was that in the end the wolf did indeed eat the boy.
All those quoted people 'make' money out of masses people bad 'investment' decisions. Can anyone really expect their talk/posts for the masses to benefit the masses? And look at how they quote eachother, it's like an incestuous club where the members quote eachother as to support their claims. Kingsworldnews referencing Sprott, Zerohedge referencing Kingsworldnews and Kingsworldnews referencing Zerohedge. And in the end, their 'predictions' are just what they want us to do. Acting according to these predictions is thus actually letting them deciding over your money. Guess who it will benefit, you, or them? Did anyone came across predictions that turnt out to be correct, both in price and time? It's possible that they exist, but for sure, they must have hidden well lol.
Good point, Gerald Celente always seems very bitter about something and appears to be a cheerleader for disaster.
The thing is, some people seem / pretend to think that in a currency disaster everybody will swap his currency to gold/silver. That's just not true, not in disaster and not in creeping theft inflation scenarios. People swap the most (prone to) value losing products to any other product that appears to be least value losing (includes most value gaining of course). If silver s price would be in such least value losing stage, people would swap to silver, thus drive up the silver price, until some point where other products appear cheaper, and people start to chose those instead of silver. So without other prices rising too, all those silver predictions are just hoped-for but temporary stories. Silvers price is now over 4 times the price of abit over 10 years ago. Which other products saw their prices multiplying with 4 too? On the other hand, over the period 1980-2000, other prices rose / doubled, silvers didnt. So fine, silver had to catch up somewhat so $20 may well be reasonable. But more will only happen if we see much more other prices rising alot too. But in any case, silver is being stockpiled for quite some years now. ETF's hold 600 Moz, if I add all Mints coin sales since 2000, the total stock reaches 1000 Moz. And this isn't counting junk / art bars / jewelry / whatever other shape of silver. That's all 'savings' that will be sold in the future, and hold down the price trend. This is what happened over the decades 1980-2000, although the immense economical progress played a crucial role too. All those silver predictions have one thing in common: it's like they think that precious metals are the only option, and that is clearly not true. People buy whatever to preserve their purchasing power, silver is just one choice, and if it gets too expensive people will make other choices. Me included.
Wow, what an interesting post......... some really shitty price predictions in that lot................. If they had followed their own nose they would be sitting on significant losses at the moment.
