permabulls/bears will always end up being wrong because the world doesn't function going 1 way. If you're not able to comprehend that then you shouldn't be investing, end of discussion. 2011 was a quick learning experiencing for some here, but more importantly, an event so severe that it's damaged the metals credibility in the eyes of big investors going forward. They will not be won over easily now, and as a result, making a new high is going to be nearly impossible. If you figure your best case scenario is doubling your money in metals, it becomes crystal clear there are far better vehicles to invest in. That's my take on it, and a large reason why i don't really post anymore. No point sharing constant negative outlooks to an audience trying to stay positive.
This time its different. Stacking now with the world in economic turmoil as it is is what I consider a safe dice roll. We can purchase silver for less than miners pull it ou of the ground for so that to me signals.a safe buy . The world in general has abandoned PMs in favor of microwaveable investments in hopes of scoring big and fast. Unfortunately for many of them they are going to be left holding the bag as the ponzi scheme comes to an end. I suppose then their will be a migration back to real money and reallity in general. So in conclusion, even if the value of PMs doesnt go up at all which is most probably not the case at least we wont be left holding the bag.
Because a trend that is based on stockpiling (whatever including dollars) will always revert due to selling those stocks again. And that trend ceases to exist when stockpiles are sold off again. A new trend can start. When does a new trend start: when the stockpiles of alternatives got big. The real question thus is, which stockpiles are today the biggest ones, as measured by quantity multiplied by current price, relative to eachother? Dollars? Stocks? Bonds? Houses? Gold? Silver? The lowest one, is the one with the most chance on a new trend. Even if they all sit high, there will still be a highest, and lowest.
1 example is stocks. Certain companies/organisations/institutions borrow from banks (read: from governments central banks) to buy their own shares. That's the same as a governments central bank that buys governments bonds. The behaviour has the same reason, and this shared behaviour qualifies for a "They". "They" want suckers to waste their savings along buying the resulting prices. And of course, "They" want suckers to NOT get out before them. So, "They" keep things rosy, until they find enough suckers for their swap from Artificial World back to Real World.
Anyone remember the time that COMEX was supposed to be on the verge of default and that there was no physical left? Seems to have come up regularly for at least the last 4 years.
Remember the day when COMIX advised: "The information in this report is taken from sources believed to be reliable; however, the Commodity Exchange, Inc. disclaims all liability whatsoever with regard to its accuracy or completeness. This report is produced for information purposes only." - disclaimer now posted on the Comex gold and silver daily warehouse stock report as of Monday, June 3, 2013.
Michael Jackson fan? I preferred the earlier stuff like when he was still part of the Jackson 5 I hedge so i don't get doom and gloom on my investments and blame it on the doom and gloomers! 1for1
I've seen reports where miners are producing an ounce of silver for less than $10/ oz. Actually, another member here sent the link to that report to me. The insane rhetoric of the Permabulls is that whatever the spot price is currently, he will claim that miners can't produce under that level. So of course, that's why when the spot price was $34, the permabulls were claiming the cost of mining an oz of silver was $34. Permabulls are not to be trusted....they simply want to manipulate anyone who bothers to listen to them through deception and fear. Silver is not going to the moon tomorrow and neither is the USD going to default or collapse tomorrow. Don't buy the lies. .
