"Don't buy silver at the moment" - Schiff, Maloney, Morgan, Keiser etc

There is no shortage of big name investors who own certain commodities (or assets, if that's the way you prefer to classify products like silver) who will tell you to buy now....not because it's a good time to buy for you but because lots of people buying the commodity they are pushing is a benefit to them....sadly, we even see that duplicitous behavior on forums like this from certain members (like those who constantly spew 'silver to da moon tomorrow'). There's a name for these sort of people...."con men".

Thankfully, on the other hand, there are honest people who buy the same commodities / assets but who will give you an honest evaluation of it and who will themselves follow to the letter the same advice they give out because they are not thinking ONLY of them self. Those are the people you want to trust.


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Regardless of who's doing the upselling, it's hard to argue with the historical trend, valuation channels & fundamental market drivers that PM's have nothing but a strong future 'upside'.

Just like Emu farms

and Alpaca wool

and forestry plantations

 

If anything is historical, it's the fact that there's good (or better) times to buy/sell and bad (or worse) times to buy/sell and there's plenty of con men who will tell you it's a good time to buy/sell when in reality, it isn't.

The obvious point is, before you jump in and follow the mendacious hype of the loudest permabulls, do the research and learn as much as you can from all sides....not just the one side that keeps yelling 'silver to da moon tomorrow'.

Now of course, even a broken clock is right twice a day and eventually (some month in some year) the advice of the 'silver to da moon tomorrow' jerk will just happen to be right, coincidentally and completely by chance as eventually there likely will be a sudden move up.


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In line with the OP's question, the full footage of the presentation that Mike Maloney made with Robert Kiyosaki which is included in 'Why gold and silver' had Kiyosaki saying that he was sitting on silver at that time. He made the case for silver, let MM have his say, but then clearly said he was not buying.

That was a while back, but is one example of one of the pro-silver crowd being transparent when they weren't accumulating.