Silver pumpers! Are they right?

Not to get me wrong I hold a good amount of silver and a few ounces of gold, but I seen a lot of-What if's-it could-or maybe's-hyperinflation or deflation-if the usd does this, or that it would be it does that ? Just saying, hell if I know!
 
Schiff smearers - join your mate :P

images
 
silvestor said:
Most of us collect gold and silver as a means of an investment, an insurance policy, preserving value or simply to collect it as we love so much.

Whilst I do subscribe to most points made by gold and silver gurus, there are some points that I have to take in with a few grains of salt as its in their interest to sell us their gold and silver.

One point most make is that silver will blow up in price. Some state $500/ounce and some above that. While that won't happen overnight, I believe there is a good chance that it may one day. But one thing that all these "silver pumpers" neglect to point out is what value of the dollar will be at that time and if the blown up spot price will only be a reflection of a weak dollar. Also if we do reach that point, will we be in a major recession, would there be global wars, would we just better be off as we are now then $1000/ounce silver?

Now my question is this:

Is silver only going to preserve value (as in a 1 silver ounce coin will buy you same amount of groceries now as it would when its $500/per ounce), in other words raise its value according to the inflation or will it significantly raise its true value? (as in if a silver ounce buys you 1 apple today it will buy you 50 when it gets to this magic spot price). Please don't account for premium of bullion in your answer.

While saying that I do believe the true value will raise as the gold/silver ratio is at its all time high, I also believe silver may be manipulated and it does have heavy usage in industries, therefore there is room to grow its true value but is it going to be 20-40 fold as some expect?
Click to expand...

No and be very very wary of those that make claims of silver to the moon.

Silver is a high risk, volatile and fun. It is a tiny market compared to the capital in gold. It is therefore easy for those with enough money to make the market...read up on the hunt brothers. A long time old scam was selling mined out medieval workings or some other worthless mining 'claim' as silver was going to run out, soar in value etc etc etc Modern internet media has enabled state and media to pump because of national mining interests (most silver is a by product of mining zinc, nickel etc.). Look at who is telling you silver is going to soar, which sites and what articles they run. If you keep your eyes open you can see who was pumping in 2011 E.g "Lord Haw Haw" - Max Keiser in 2011 he was pumping $500 Silver. He was calling for $15 recently. Believe it and weep. Do the opposite.

Another bunch of interests also pump gold but golds market is way bigger and it is mainly pumped by those who make a margin selling as opposed to market making like that rat faced gimp Glenn Beck & Goldline putting doomer fear into people and ripping them off on ultra high premium on bullion coinage.

Silver antiques or numismatics are an entirely different ball game as is generally gold. Day trading silver ETFs is no better than spending the money on the lotto. Like gold you can put it in a box and give it to someone and it will transfer wealth without counterparty risk or legal or electronic audit trails. The real problem of silver is when you accumulate 20-30 kilos of the stuff and realise that if you had bought gold instead it would take up a lot less space and be less volatile. Its a neat way for people to get into precious metals on a low budget.


No to the moon but it is bouncy bouncy bouncy fun fun fun.
 
I wouldn't rank him as a "pump'n'dumper".
He is a full-on "pumper" - he has a vested interest - it is a sales pitch.
 
same.

I specialised in monetarism at university many moons ago, and can say with confidence his no-nonesense grasp of economics is actually very good.
 
same.

I specialised in monetarism at university many moons ago, and can say with confidence his no-nonesense grasp of economics is actually very good.[/quote]


I saw a video of him pumping bags of junk for 'barter' after 'economic collapse'. It was like something off a simpsons halloween special and definitely marketing to the doomer crowd. As far as I can remember he was always mainly gold pumping though and hit silver late.
 
Holdfast said:
Schiff
Hunter
Mannarino
Kirby
Browne
Harry
Austin
Holter
Celente
Morgan
Hoffman
von Greyerz
Rickards
Merk
Roberts
Williams
Organ
Hudes
Sinclair
Prins
Wiedemer

"I missed a few"


*Logic has no place in the markets.
*They sell physical for fiat.
*It's said that Mal sold 7% of the ASE mintage last year.

Ben B has given you plenty of time to buy physical metal.
Yellen has given you plenty of time to buy physical metal.

We don't need bears or bulls, all we have to do is think about the world situation; history is your guide.
Click to expand...
I agree with your list Holdfast.
All a bunch of pumpers that get plenty of airtime in the alt media.
Celente is one that particularly grots me off.
If you were to see a single interview with him he sounds very very reasoned, but when you have a look back at the YEARS he has been saying the same dribble you quickly begin to see HE KNOWS NOTHING.
 
sterling-nz said:
Holdfast said:
Schiff
Hunter
Mannarino
Kirby
Browne
Harry
Austin
Holter
Celente
Morgan
Hoffman
von Greyerz
Rickards
Merk
Roberts
Williams
Organ
Hudes
Sinclair
Prins
Wiedemer

"I missed a few"


*Logic has no place in the markets.
*They sell physical for fiat.
*It's said that Mal sold 7% of the ASE mintage last year.

Ben B has given you plenty of time to buy physical metal.
Yellen has given you plenty of time to buy physical metal.

We don't need bears or bulls, all we have to do is think about the world situation; history is your guide.
Click to expand...
I agree with your list Holdfast.
All a bunch of pumpers that get plenty of airtime in the alt media.
Celente is one that particularly grots me off.
If you were to see a single interview with him he sounds very very reasoned, but when you have a look back at the YEARS he has been saying the same dribble you quickly begin to see HE KNOWS NOTHING.
Click to expand...


I loathe celente.


Don't forget Max Keiser. Here is selling the idea of 500 dollar silver to tin foil hat wearers.

[youtube]http://www.youtube.com/watch?v=QF5FJRrbtFI[/youtube]
 
chowdersilver said:
lol, @500, better not be buying 100 ounce bars.

$50,000 per bar. Ya, right.
Click to expand...

Saying that though I'm sure there were people saying that about gold kg bars at a few hundred an ounce. Not that a kilo is very liquid today but you could still move it without much fuss.
 
Catherine Austin Fitts....whistleblower....no pumper at all but suggests everyone has some silver and gold...

She also doesn't let Hunter get away with his pumping....




[youtube]http://www.youtube.com/watch?v=T9n4CHPST7A[/youtube]




.
 
Found it....skip to 2:39....it is some sort of jute style sack of silver rounds so you can.....wait for it....... barter in some post apocalyptic wilderness

In case you forget why you bought - it has of course 'BARTER BAG' stencil style printed on it......



[youtube]http://www.youtube.com/watch?v=MfPvVczHEfY[/youtube]


So I said to myself.....
[youtube]http://www.youtube.com/watch?v=z3ClF2My00c[/youtube]

I scanned this to see if Peter was in the background clutching a jute like bag bag of rounds somewhere but could not spot him:

[youtube]http://www.youtube.com/watch?v=80B9srKQnI0[/youtube]


In fairness he's not the worst of them but his apocalyptic barter scenario was for me the point at which he lost my ear permanently.
 
same.

I specialised in monetarism at university many moons ago, and can say with confidence his no-nonesense grasp of economics is actually very good.[/quote]

Austrian economics is an extremely simple concept. Schiff cannot apply Austrian economics to the real world and that is why his predictions are terrible. With all the government interference, these are not normal times. No matter how wrong he is, Schiff makes money off his customers. But his last quote seemed a little desperate and I am guessing that his business he is losing a lot of his clients. Schiff's refusal to admit the current reality of the USD starting a mult-year uptrend makes him appear to be another Baghdad Bob.
 
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