Actually it is, the worser the past, the better the future. And the opposite, also true. Buy weak. Sell strong. Don't buy strong. Don't sell weak.
We’ve been listening to pundits talking about the imminent collapse of financial systems and rise of precious metals for a very long time and this year the world was literally on its knees and the precious metals market reaction was plain embarrassing. I can’t imagine how old and tired that story would have got if the virus didn’t show up... Still a hedge and novel savings mechanism.
Gold sold off to pay for margin calls when stocks crashed. Also there's too much paper gold, that has to disappear before true value of gold can be realised.
That I know. Condescending much? I’m talking about the $500-1000 silver and 50k - 100k per ounce gold crowd that sucked many in 10+ years ago and are still around selling their books and subscriptions.
honestly, I like their classic material and I still recommend reading it. But with the theme of this thread it’s easy to see how people would hold scars from being burned. These guys believe their own sh!t a lot of the time too so can’t really call it a scam.. it’s just become their lifestyle and gets boring to listen to after a while because there really isn’t any new information, only reactions and reassessment. I love their latest caveats “I could never have imagined the fed would do blah blah blah otherwise I would have been right!!”. LoL.
+ Jim Rickards James Turk (retired) Eric Sprott / Rick Rule David Morgan Michael Pento Gerald Celente (ugh) Max Keiser (shifted more to BTC pumper) Robert Kiosaki (sort of) (Anyone) featured on a Kingworld News interview back in the day Some of the main offenders, imo.
I like to read their articles. They are like the Mills and Boon of the precious metal world. Unrealistic, predictable and simplistic but entertaining nonetheless.
