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Mike Maloney, Dave Morgan and John Embry discuss the US economy and investing in physical gold and silver
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June 28th, 2010 at 4:32 pm
… we now can print unlimited amount of money for ourselves and we don’t care who writes their laws. Most people don’t know what we’re doing and those who do are so dependent on our favors (trading signals) that wont dare to say anything. If anybody seriously challenges us then we shall label it as Armageddon to scare the hell out of them, until they realize prosecuting band of thieves has nothing to do with Armageddon
July 2nd, 2010 at 1:09 am
If there is no manipulation, price-fixing and conspiracy involving gold and silver then the current prices suggest that there must be plenty of gold and silver available to support such prices when adjusted for inflation.
In that case there should be no excuses or problems returning to good, hard, constitutional money backed by gold and silver.
Why violating the constitution and quietly phasing out the silver certificates if silver is so cheap and plentiful in mines of Mexico, Nevada, Idaho,…?
July 4th, 2010 at 12:09 am
What alot of people dnt know is that the US dollar is the second american currency. The first was the ‘continental’ . Also there will be a third shortly!!!
July 6th, 2010 at 9:37 am
grizzydoug..
Am I an ass to point out that you said “Silver at $50/oz in 5 years or less. Silver MAY pull back to $15/oz… maybe even $14.50 a few times between now and this summer.”
you have your bases covered….if silver goes up you can say “see it is creeping closer towards my $50 per ounce prediction” - if it goes down “you can say “see I told you that it might pull back”
Why are you scared to make specific predictions?
By Feb 15, 2015 silver is below $8
Monday open down 35 cents
July 8th, 2010 at 10:29 pm
OK, now your just being an ass… My last post was very clear for anybody that read it other than you obviously.
I’m not wasting anymore time on you.
July 9th, 2010 at 6:05 pm
grizzydoug
how am I twisting your words, if silver goes down you say “be patient and wait”, if it goes up you say “see I told you it would go up”
You predict silver to be somewhere between $15 and $50 which is not really a specific prediction at all.
why are you afraid to say anything specific…
Here is my specific prediction:
SILVER DOWN BY AT LEAST 35 CENTS AT MONDAY OPEN
SILVER AT LESS THAN $8 ON FEB 15, 2015
July 10th, 2010 at 3:52 am
OK, Tony… now your just twisting my words and you know it. Silver at $50/oz in 5 years or less. Silver MAY pull back to $15/oz… maybe even $14.50 a few times between now and this summer. These are great buying opportunities. Clear enough for you? Silver may very well be down 35 cents on Monday. So what. This is only because of the current weakness in the Euro.
July 11th, 2010 at 1:57 pm
grizzydoug
You said that silver was going to be at $50 per ounce….now you are saying it will go to $15 per ounce which is it???
if silver is up you say u won if its doen u say just wait!!
bottom line is that you will be lucky if silver stays above $10 per ounce for much longer…
so what silver is up 46 cents right now—it’ll give some of that back before the day is over and open down probably 35 cents Monday!!!
I am not afraid to make specific predictions..
Silver down 35 cents Monday!
July 12th, 2010 at 4:10 am
I am refering to this comment from you
I can guarantee that silver will open lower than it is on Tuesday!!!!!!! GUARANTEE!!!!!
I am not saying I won the bet… I am saying that I don’t think we will have to wait 5 years for me to win the bet. Yes it IS a longterm investment (actually it’s more a hedge against inflation than an investment) I expect silver will trade in it’s current range until at least June/July and maybe even pull back to 15/oz a few times during that time.
I fully exoect
July 15th, 2010 at 9:33 am
grizzydoug…
what am I not responding to??
Hahaha you are funny—-when silver dropped $2 a week ago you were saying “Gold and Silver are long term investments… if you think longterm means a year or two then it’s not for you.’
Now that silver is up what 50 cents today—u want to pretend that you won the bet—–just wait until February 15, 2015 and we will see!!
Bottom line silver spot right now is at $16.36
about the same as a year ago when all the silver bugs said the sky was falling!
July 16th, 2010 at 1:05 am
Come Tonybonez… why are you not responding. Afraid to admit you were wrong? Silver is almost up a buck this week… even with the dollar not dropping like a stone it is still going up. You better start sharping up those scissors. I don’t think we will need to wait 5 years for you to lose our little bet. You will be cutting off that hideous mullet.
July 17th, 2010 at 9:12 pm
Well… so much for your “GUARANTEE!!!!!”… silver in up 60 cents this morning.
July 20th, 2010 at 8:01 am
ha—silver dropping like a stone is not nothing!!
OK lets check back in on Feb 15th 2015 and see who is closer to the price of silver then..
until then sianara!!
July 21st, 2010 at 3:19 pm
Please… sell me a futures contract to purchase 10000 oz of silver from you in Feb 2015 at 20 oz. Is that clear enough for you?
“I can guarantee that silver will open lower than it is on Tuesday!!!!!!!” This means absolutely nothing Mr. short term.
I’m done debating with you for now as it is pointless… but I will be checking back with you down the road as your predictions fall flat on their face.
July 24th, 2010 at 5:12 pm
just to be clear—–
On February 15, 2015 you expect silver to be at over $50 dollars per ounce, while I expect it to be at about $8 per ounce.
I can guarantee that silver will open lower than it is on Tuesday!!!!!!!
GUARANTEE!!!!!
July 26th, 2010 at 8:03 pm
I did invest all my money in silver… when it was at 6/oz so it already has tripled for me.
I smell a grizzydoug was right video in the future
July 29th, 2010 at 7:16 am
@grizzydoug
You expect silver to more than triple in 3 years time—hahahaha…
well then you should be investing all of your money in silver—I can only warn you that it will not triple, it will continue to fall as people flee from silver when they realize the hype about inflation is just that HYPE.
Here on Earth the dollar continues to rally, is the reserve currency of the world, and America is experiencing deflation..
Lets wait and see who is right in 5 years!!!!!!!
July 31st, 2010 at 2:19 am
Whoops… that should have read the “The fundamentals have NOT changed for the dollar”
For your sake I really hope you investigate this further with an open mind as there is still time. This pullback is a good buying opportunity. 5 years from now when you realize these guys were actually right… THEN it will be too late. Your dollars aren’t going to buy much anymore.
August 1st, 2010 at 6:11 pm
Do you know why silver dropped recently? It dropped because the dollar rallied over 300 basis points. Why did the dollar rally? Because the Euro tanked… not because of anything positive for the dollar. The fundamentals have changed for the dollar. The debt remains and continues to grow. Once the dollar fall resumes then the rise in silver will resume.
Like I said, I don’t set dates and prices as you will almost always be wrong…but I fully expect it to be over 50/oz in 5 years.
August 4th, 2010 at 3:09 pm
Gold and Silver are long term investments… if you think longterm means a year or two then it’s not for you. Stick to your daytrading or whatever you do. Longterm means 5 - 10 years. No where in there did they say by Feb 2010 that silver would go through the roof. Anyone who tries to set a date for something like that will be wrong 90% of the time.
August 6th, 2010 at 5:18 am
@grizzydoug
dude all I did was state FACTS. Remember facts are indisputable—–they said silver was going to go through the roof, meanwhile here in reality–silver was worth about the same as it was a year ago, but has dropped like $4 in the past few weeks.
OK so lets see what happens in the next 5 years—-you predict that an ounce of silver will be what?????
I predict that silver will be at about $8 per ounce in 5 years.
August 6th, 2010 at 1:55 pm
That was a totally different time. The silver market was being cornered by the Hunt brothers driving the price through the roof and silver WAS in a bubble. Only fools were buying at $50. Today the dollar is in big trouble and there are serious shortages in silver due to 60 years of deficit consumption by industry. Comparing that time to today is like comparing apples to kumquats. Completely different fundementals.
August 7th, 2010 at 8:49 am
You shouldn’t run your mouth about things you know nothing about… these things play out in terms of years… not months. 5 years from now let’s see were the price of silver is and you will be taking your foot out of your mouth to beat yourself in the head with it for not buying silver as your worthless dollars won’t buy anything anymore.
August 10th, 2010 at 1:54 am
Just for the record these guys were TOTALLY WRONG almost a year later—-silver is down and dropping like a stone…
down a full dollar 3 days ago!!
August 10th, 2010 at 9:23 am
Always remember that in the 80s silver was around $50 and silver sellers were saying it was going to $500.
Many people lost their shirts at the time when they paid $50.