Blasts From The Kitco Past. Oh please noooooo!

[Pirocco]

Hello...

Please refrain from being a know it all until your post count gets above 2

If you watch corporate news you will be assured that everything is fine and this thread may be a little to much for you... Its ok we understand.

This silver report is one of the only reasons that I continue to return to this site and purchase silver.

Are you saying that you do not believe in gross daily suppression of PM prices, and instead believe that silver prices are simply following a completely free-market supply and demand curve? Do you not acknowledge that silver is currently selling at a 600-year low in terms of real purchasing power? Do you think that the current 50:1 GSR is normal and sustainable given that there is only about 1/4 the amount of silver compared to gold available for investors to buy and that geologically, silver exists in no more than a 9:1 ratio in the ground?

Do you have reason to dispute the USGS report that says that silver will be the first metal to run out?

My view is that pressures have been building in the financial system for decades that will eventually force a wholesale public stampede into silver and gold (definitely before the end of the decade), and that this explosion will bring the price of silver back in line with the purchasing power it has always had for the past few hundred years. The eventual nominal price of silver in dollars doesn't even matter; it will still purchase far more 'stuff' in the future than it does today regardless of what unit of currency you use to measure it's purchasing power now or in the future.

Look, you can certainly get a little more silver by buying the dips, but the price really doesn't matter much if you are a long-term investor. I am expecting a minimum of 200-300$ silver by 2020, if not much, much higher. Anyone without a core silver position who is scared to buy at 40$ in hopes of 25$ may get NO position. Use dollar cost averaging and take the emotions out of it until you have a core position.

I'm not saying buy at any price, but in the face of the mountain of evidence to the contrary, I cannot accept that the price of silver is simply a function of the 'official' US money supply figures only since 2008...when more paper money was printed in a single month (Sept 2008) than during the previous 5 years, and more paper money was printed in 4 months than during the previous 250 years. THAT DATA IS ANOMOLOUS and under no circumstances should be used to predict the long-term silver price.

Finally, do you even really believe that the US Federal Reserve is completely transparent about their money supply figures, given that they are serial liars, were recently forced to admit to making $16 trillion in secret loans in 2008, and considering all of the covert and 'unofficial' Fed QE-to-infinity initiatives such as 2015 ZIRP, Operation Twist, etc that have been dreamed up over the past year?

In short, there are just so many positive factors for silver going forward, an inevitable silver price explosion in the future is virtually guaranteed.

<edited to ME>, I appreciate your posts but they always give me the same feeling as Nadler, Christian, and the other silver naysayers who say yes buy gold and silver, but never NOW. Those messages keep uninformed investors and especially people new to silver SCARED, out of precious metals, and exposed to the total destruction of their net worth.

I know you base your numbers off of the official money supply numbers the government puts out but I think we can all figure out that it has to be higher than what they say it is. I have no evidence for that but 17 trillion in loans during 08 and the money supply is only tripled now?

These are posts from a number of members.
Look at how 2 of them, despite claiming alot (historical) knowledge about pm markets, blindly believed that Zerohedge scam of QE1 having been $16000 billion instead of $1200 billion, quoting (WITHOUT giving an url) a GAO document audit of the Fed, that when found, contained 2 tables of loans, clearly stated (even bold tagged) that the first its loans were summed up not term adjusted, the second was?

And all above, was during the 2011 price trend $40>$50
And on top of that, even I was wrong by despite to consider it plain stupid to pay $40-50, still willing to pay upto $30 an ounce, because my basis, QE (at that time) I found later on as a scam itself, since the Fed rewarded its members for NOT lending it out / holding it as excess reserves instead.

Remark: that text tagging in above quotes, is NOT by me.
It's how they posted it, to me, alike I was a pupil that didnt know a thing bout it (almost correct) and they were teachers (plain wrong)