Economic armageddon and doom are at hand. The end is near, etc, etc... ad nauseum. OK. Sure thing. Why don't any of these pundits ever tell us when all this "end of it all" stuff is actually going to happen? I'm waiting to hear a specific date.
"It's going to happen someday" doesn't make it. Like the British economist John Keynes said, "In the long run, we will all be dead."
sounds like scare mongering again to get people to buy more silver. and out of all the PMs, silver one of the more volatile ones. nice....
I would stay away from such videos. What matters is the price action say. Right now, silver keeps slipping so don't be a hurry to buy, its not going anywhere soon.
Good input. I certainly don't line up with all these beliefs. I will says that I do think our extreme debt as a nation, coupled with printing money with no backing, is a problem.
Good thoughts! No one ever said "I wish I didn't have all this silver and gold" And unless someone bought gold at $1900 an ounce, or silver at $45 an ounce, there is little room for buyers remorse in any long-term investing
The video has some good points, but I'm not sure it was delivered in a good way. A little to much doom and gloom and the narrator was a bit monotone. The US is definitely heading for some tough times due to the handling of the monetary system. If you look back at the history of the fiat currency system then you can see that it is cyclical and that we seem to be headed for an upheaval. I believe it is a very good idea to invest in some precious metals and I have some silver myself.
I agree, the doom and gloom I ignored because that stuff is annoying.
I basically thought of his points as possible consequences to issues that are at hand. Hopefully nothing like this happens in my lifetime, and I teach my kids (none yet but someday) the value of PM. Then I can know they will be provided for if there is some sort of depression, or "recession" worse than the one we are slowly slumping out of.
Quote: Why don't any of these pundits ever tell us when all this "end of it all" stuff is actually going to happen? I'm waiting to hear a specific date.
Because one can be aware of a trend without knowing the specifics of the situation. The bottom line is that NO ONE knows the future. If they did, they would not be wasting their time blabbing about it. They would be using that knowledge to either save their skin or making a HUGE fortune from it. If I knew the future, I would be at the local lottery ticket sales office and not on the Internet. I would worry about talking about AFTER I was done using my knowledge for MY benefit.
@ed b---Understood and agreed... but... What I find tiresome is the rhetorical (and if by chance the Gloom+Doom Pundits ever turn out to be right), potentially self-fulfilling nature of these financial armageddon predictions. If their predictions never become reality, they'll just keep on saying "Well--it didn't happen yet, but it will--just you wait!!" and if their predictions do by chance become reality, they'll be right there screaming "I told you so!" from the highest towers.
It's just tiresome. The latest blurbs in the advertising on the Kitco website includes such pearls as "World War III has just broken out!" and other such jewels of honesty, integrity and professionalism in advertising. It's a shame that the concept of truth in advertising doesn't reach far enough to be able to include that kind of thing.
Yea @Freddy I seen those and other sites. Its sad. The bottom line is CBs are calling the shots and will do whatever it takes to avoid this sort of nonsense talk. Then on top of it, silver, the weaker of the two PMs.
I wish folks out there would really look at silver and gold as PART of an overall investment strategy. Not to ignore it but neither load up the boat and expect it to climb because of some doomsday.
If even folks picked up just a little bit of each every year that would be suffice.
The bottom line is, even a chimp slamming away at a keyboard is bound to type a word every once in a while. Silver is either going up or down tomorrow. These guys throw it out there everyday and they have a 50% chance of being right.
With stocks , bonds and investments it never occurs to people, if these guys are so smart at trends and predicting the future then why are they still punching a clock and not retired on their private island living off their investments.
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Posted 01/28/2013 3:43 pm
