https://www.youtube.com/watch?v=YIUMfe1RIDQ&list=UUJkjRhdUtjnSRwNGKZd-FhA His a bit crazy but just listen to him.
Rawdog is right. As I've stated plenty of times, there's a surplus of silver. Look at the premiums....they are very low. Silver is no panacea and it has no intrinsic value. The value of silver is ALWAYS determined by those who desire it. That means that silver has ONLY extrinsic value. Sure, there's mining costs, but that is NOT a value and certainly that's not a value that silver gives itself. You desire silver? You are in the market to buy it? Then you are giving silver the only real and meaningful value it ever has had. Some people think that $20 silver + premiums is a steal....that's the value silver has (to them). Some people will wait for silver to drop to X level to buy big. That's the value silver has (to them). If you treat silver more like a commodity, which it is, instead of a panacea, then you are on the right track I believe. Sure the price is bound to go up some day, but the "to da moon tomorrow" permabulls are simply delusional. .
Rawdog is slightly correct, other parts are BS. There is a lot more Silver and Gold, than is "official", and it is being held by very strong hands. I like to hear all of these opinions, Rawdog, Silverdoctors, and all the rest. Some is true, some is not. I compare their opinions to the ancient and modern history that I have read. As the saying goes: "there is nothing new under the sun". I stack/collect what I want.
I only watched the beggining because he was too obnoxious to watch but from what I saw he was just calling out the chris dwayne and sgtbull type scamartists that the silvertards listen too to get their daily dose of confirmation bias.
Sadly it took me a few years before I came to this conclusion. If Silver was sooo cheap then why is there so much available with little premium. One thing that bothers me is all the different types of stupid silver coin designs you can buy, have a look at PerthBullion it's a mad house!
Opinion changed - If you can stomach his antics - now is the time to buy and don't expect the price to fall - I agree https://www.youtube.com/watch?v=gjowHCezBMU&feature=player_detailpage&list=UUJkjRhdUtjnSRwNGKZd-FhA
Silver, gold, corn, iron, and anything that is digged out the ground to serve various needs, to eat, to build ships, to accept as inbetween product towards another, and so on. If one buys/sells commodities (and anything), then he adds value to / removes value from it. Adding means extra production wanted for no direct but for a future use. Removing means less production needed due to that future use coming into effect. Applies to every speculated-upon product: the more value is added to the product, the more value will be removed later on, and those that added last / sold last, will rank as biggest losers. This misses the point. The point is that it is much harder to add value to silver, than to for ex. the cotton+ink or the electronic figures of dollars. Because silver is harder to produce than an extra zero on the latter. The 'intrinsic' does not apply to the metal, it applies to its production cost, being the limitating factor.
And yea, can't watch the video nor know the data, but Rawdog tends to be correct, and I think some can't stand him because he tends to predict at a time where they didn't take/dump their positions yet, and still need some suckers to trade with. If the suckers then read Rawdog they might reconsider and that's a NoGood.
There is a stockpile of silver. There is a stockpile of stock market shares. There is a stockpile of dollars. There is a stockpile of gold. There is a stockpile of houses. There are stockpiles of alot. The question is not whether or not stockpile, but what its size is, relative to other stockpiles. Because people have the tendency to dynamically move their choice to the smallest stockpile. "Buy low". For the obvious reason.
U are not well known or popular enough yet for us to show u the earths surplus of stockpiles...earn your place.
HA!! ... U just earnt your place my friend. Pelican will send u a place number within 5 working days. Also comes with a member key. U wint be told what it opens, but u will just know in due time
