King World News Permabull Thread

has anyone said the obvious

KWN, much as I appreciate the site, seems to be host to, dare I say it, PERMABULL

There is simply no way gold and silver ever go down, if you swallow

Why is this?

And to use to hackneyed phrase, cui bono?

I've read the major sites for 4 years now

With the exception of 321gold, all you see is bull, impervious and unrepentent

So, to use an australian expression, what's all that about?

 

and yet, here we all are, trying to invest

yes, sites such as KWN are free

and to state the obvious, you get what you pay for

but still, if you wish to host the trumpet heralding a clarion call to the metals, then surely some balance is in order

 

as there is no "comment" section, then all we are given in effect is an unaccountable no holds barred permabull fiesta

 

we are all here for an ROI

so

what's all that about?

 

did Embry or Sprott ever say "Don't buy"

or even "Sell"?

maybe they have

but in four years of reading, call me Sherlock, I am coming to the conclusion that such utterances are rare or do not exist

 

I know KWN has opinion pieces, but this isn't opinion and I can appreciate and discern the difference between fact and opinion,

http://kingworldnews.com/kingworldn...or_Gold_&_Silver_at_Unprecedented_Levels.html

 

It was nice to have a piece on KWN with the CEO of ABC (Aus) saying that buying is unprecedented, on the dips, but hey.

I saw that earlier today

And yet, I can't help feel that if prices fall, there will be noone on that site protecting us

I don't recall anyone ever standing out and saying "ok it is time to take profits"

 

It's always been a place for succour, but not a place I would look for a "stop loss" or "take profits" recco

just permabull

 

maybe

sweaty times upon us

 

Been reading the term permabull on these forums alot lately, and not really sure what it means (besides the fundamental meaning). The way I see it, the MSM is already too heavily unbalanced in their views ie. the gold bubble has burst, gold is backed by nothing. So sites like KWN have to go to greater efforts to promote the merits of gold and silver, I have no problem with this.

SilverStackers is the place you want to be for a truely balanced view, definately appreciate all forms of opinions here.

 

I tend to see it from a long term perspective. I don't know whether I'm a bull or a bear, since I don't see my PM collection as investment but more, preservation. I expect it to go up and down but I do believe that it will always buy what the fiat I'm purchasing it with now will buy. I just try and accumulate PMs to achieve as safe a store of wealth as I can for my old(er lol) age and with the look of the world at the moment and into the foreseeable future, PMs ticks all my boxes.

I don't have visions of buying streets of houses for an ounce of gold, nor becoming landed gentry since I hold a share of 'elite' wealth. I just want to be able to buy my food, heat my room and stay dry and healthy without joining a long line waiting for soup or access to water from the tent city tap.

Hence the up down sideways opinions on the market for PMs is an interesting sideline, but secondary to the simple accumulation of wealth. If I wanted investment (ie " fiat growth" ), I'd go to the sharemarket or property casinos.

 

I agree with the OP.

Seems like everyday the threads I read on KWN are positive and repeat the same thing over and over.

I'm actually starting to become skeptical on the articles from that site. Make your own judgement.

Slam

 

I feel much like Julie, just want to preserve my savings. I do follow the ups and downs but not getting too worked up about any of it. If it falls very low I will buy more and I may even sell some of the stack if it gets to the high 40s (I havent sold any yet!).

I worry that the permabulls may influence some into thinking they are going to make their fortunes out of pms. It would be great to see pms skyrocket of course, but there is also a chance they may never do that simply because there are influential people out there who will do everything in their power to stop pm prices rising too rapidly! I am hoping for a gradual rise in prices though.

I prefer a balanced approach and as someone said, a lot of the permabull sites seem to repeat themselves. I like looking for different opinions from different people and that is one reason I like this site!

 

KWN is also my favorite site. Eric King is positive on pms and some of his questions are leading. And guests will sometimes give more positive views on pms for a KWN interview than they do on other sites. But many guests talk about expected corrections, so I would disagree that his interviews are totally one sided.

The people he interviews are legitimate experts and their opinions are valuable. Ben Davies, Robin Griffiths, Jim Rickards, Bill Fleckenstein and others are my favorites and give me a lot of insight into pms and world events.

As Haggai wrote, what exactly is a permabull? Most of us are invested in pms because we believe they will help preserve or even increase our wealth over the next few years. Depending upon the endgame of the financial crisis, I will either sell all or most of my pms.

King puts a lot of work into his web site and it is free, so I am not sure what anyone can complain about.

 

But I dare say that's not how most people think here.
Most are waiting for that hyperbolic rise that will, if it eventuates, pay back their investment many times over.

As for KWN, I do recall a couple of his regular guests (one of them being Peter Schiff, I think) saying (when gold was in the high 1800s) that they believed a correction back down to $1600 was possible.
Whether that would have induced anyone here into profit-taking is another matter.

 

I'd say Ben Davies and Peter schiff on there have been very realistic.

Not sure if David Morgan has been on there but he has said numerous times that certain times might be the right to 'lighten your load'.

 

don't get me wrong

I like this site a lot

For one - Eric has excellent audio interviews, which sets this site apart from most

However, being such a cynical old goat nowadays, I wonder how information is being funded

There is no decalaration of interest

Who pays?

Embry and Sprott come up a lot. Embry pics always have him in a commanding position, expounding to the believers

I am very disillusioned with media

I see the same hallmarks of vested interest in KWN. It may be wrong.

Buyer (of info) beware.

 

AFAIK

Everyone here is trying to preserve purchasing power, at a minimum.

We are here because we understand a little about what that means and how the present situation came to be.

Moreover, we are all trying to do better than that, ie increase our purchasing power.

Silver is just a medium of exchange in which we hope to have the upper hand.

The impetus is a false medium, paper money, the purchasing power of which is steadily eroded and taxes take care of the rest.

It is a form of gaming the system.

We are steered out of holding paper due to the erosion of purchasing power.

The very people which control this control the reins. Hence, the RE bubble.

I think it is important to consider the mechanism of information which is presented in this age of mass free info.

 

And considering the barrage of unreservedly pro "buy" articles on KWN, a critical reader (and Curiosity Show viewer) is drawn to the question "why is it so".

 

For those tired of KWN and want to hear something similar but not the same try Korelin Economics Report (http://www.kereport.com/).
There is 4 audio shows a day and some video.