My views on Silver and all that... Response to TheSchaefReport

[Hoepsakee]

Cheers John. Are you by any chance switching to ZippCast? If so, please let us know. Cheers

[Tylersyx6]

Just quick question to a person thinking about investing. Is silver still worth investing in, how do u make money off it when a PAMP 1oz bullion cost $67 when its spot price is $34

[1imtrying]

Im very impressed with this video!

[bharatabvks]

Very good John. Thanks.

[yogiudo]

I am blown away - you had 200 oz of silver sitting on your desk and they left it - LOL.

That is halirious, you've got to be joking.

[stellaconcepts]

@yogiudo hehe - yeap... its true. A lot of pamp suisse stuff as well so it wasnt like it was old shitty silver. I think these guys are programmed to take laptops etc and dont even see other stuff...

[chimpanchu]

@stellaconcepts But if it was Gold sitting on your desk, they'll take them for sure. Everybody knows the value of gold. Thieves are known to steal gold jewellery or anything bright and yellow.

[KonaChuck22]

Oops. I meant to say people would cash in their chips (silver) for currency at $100 $300. $500 etc as long as dollars or whatever fiat currency retains its purchasing power.

[TheCriner84]

If the dollars were repatriated back into the U.S., it would definitely cause high inflation. But since hyper-inflation has to do with the loss of faith in a currency, I can only see a flood of dollars back into the U.S. as one of the triggers of hyper-inflation, but not the actual cause itself. Funny thing is there is already a steady outflow of U.S. treasuries from other countries holding our debt. That way they at least get devalued dollars for them. All at once, they would get much less.

[mahavira108]

Dude...you got robbed? they didnt take the silver. well i guess that means they werent stalking you on youtube...

[KonaChuck22]

Why would someone phone up their broker to get gold/silver AFTER a currency devaluation? At that point your dollar is worth the new lower level. To say that at some point silver won't be avaiable at any price assumes a complete currency destruction. If we see high inflation ala 70's USA (say double digits for severalthe years) people will cash in their chips (currency) at $100, $300, $500 silver etc. as long as the currency can still purchase goods.

[TheCriner84]

@KonaChuck22 Unless the already tight market has been completely wiped out. Then you are talking about lines out the door at coin shops, while the price continues to increase every minute. It would be virtually impossible. Much better off planning accordingly now, if you see it coming down the tubes anyway one day.

[blazefury2010]

That's awesome they didn't even take your silver laying right out on the table. LMAO! Moron robbers :)

[zeltarstormrun]

Sorry to hear about the robbery! Glad you were robbed by stupid robbers, though most robbers are not long term thinkers their only thinking about here and now. Sounds like you had about as much silver on your desk as I have in my core position. Good luck to you in 2012 hopefuly the rest of the year works out better for you.

[neverstopgrowing728]

haha... that was funny... "what's that on the news? oh, dollar devalued? uhhh....just gonna call that broker...just gonna see if he's got any gold left."

[zodeac11]

First sorry you got robbed. Second you answered a lot of questions but as someone that lives in America i wonder how much longer will this last before we have a devaluation? Most of my friends say 5 to 10 years. I am thinking 2 years max. Whats your thoughts?

I'm not rich i only have a few hundred ounces and lost everything in the crush in 2008.

[troglodyte2084]

Charts are for people who cant form their own opinion.

[stellaconcepts]

@troglodyte2084 Wow. Amazing how you backed that statement up too... like seriously good insight there... thanks!

[charronfamilyconnect]

Hey John, What do you say to someone like me that has a huge core position in Silver, and averaged around $20/oz on my physical silver? Actaully, all i own is physical. I plan on holding this long term until silver hits triple digits. Would you think I am wise if I can afford to wait or do you think triple digit silver prices in the near future is unlikely? Thanks!

[troglodyte2084]

@charronfamilyconnect You crazy? A physical shortage is looming. Dont let the COMEX crap put you off. Silver sales are going absolutely nuts, the COMEX price is a farce. Silver eagle and maples outsold US and Canadian silver mine output last year. 2012 Kookaburras are practically sold out..half way through Jan! Silver probably will make $50 this year.

[lextalionis2001]

@charronfamilyconnect I think you will a corresponding rise in the price of other goods. I think it best to view the metals as a store of wealth, not a generator of it. That way if you do see "profits" its gravy.

[troglodyte2084]

If you think the AUD will negate any gains from silver youre kidding yourself. The aussie economy is far more vulnerable to a high currency than the USA.

[InspireImages]

Sprott is buying 1.5 billion in silver but you think silver will fall?

[JetSetBaroni]

@InspireImages Up till now Physical buying has had no impact on the Paper price unfortunately.

[troglodyte2084]

Bloomberg today "Australian employers unexpectedly cut jobs in December, capping the labor market’s worst year in almost two decades, as investors raised bets on interest-rate reductions. The local currency declined."

[silverexplosion]

RON PAUL ROUNDS ARE NOW OUT

[DuvallSilver]

i like listening to your videos while sipping on Australian wine. At least I can pretend I am living the life in Australia.

[troglodyte2084]

SMH yesterday "Australia's attempt to lower bank funding costs with covered bonds is still leaving the nation's biggest financial institution paying investors the highest domestic yield premiums on record."

[BiggerThinking1]

Heads up stella - trash that steal personal computers are often VERY low socioeconomic types (druggies and petrol sniffers) - too idiotic to even know the value of whats what - these shit heads are the type who are so idiotic that they repeat previous succesful targets. Narmsayin?

[chamaflauge]

WOW they left the silver!!! hahahahaha! idiots!

[chamaflauge]

Im sorry about that man...I didn't know



[troglodyte2084]

Aussie news site 19/01/12. "Melbourne had 48,586 houses and units for sale in December, compared with 33,865 a year earlier." I wouldnt wait too long to get as much pm as you can.

[investornator]

sorry to hear you got robbed mate its good to know that the IQ pool of criminals is dropping!

[troglodyte2084]

From an aussie news site. "One of the nation's largest debt consolidation firms has refused staff holidays for the first three months of 2012, with requests for financial assistance jumping 40 per cent after the festive season." Cracks appearing everywhere. AUD is not invincible.

[MegaSnowman35]

John you just hit a home run.

Confidence is every thing.

When the chicken see the wolf coming, what do they do?

They run and squawk, but no silver or gold for them.

Fear has taken place of Confidence.

[0urGaia]

Hope you have changed all banking and server logins as stolen laptop might have them cached (any saved emails might aid identity theft etc so keep carefull eye on all your accounts) - I personally use vmware sessions on computers/laptops as extra level of security. Invest in ultrasonic alarms (camera's and mobile callback) as near imposible to foil as long as you remember to turn them on.

[troglodyte2084]

Our economy is no way set up for such a strong dollar. The cracks are starting to appear everywhere. Personally I am using this temporary unbelievable strength in the aussie to buy pms. The one true global currency. China also in need of major restructuring. We're all in this together now. The globe will ditch us like last weeks oysters if china sneezes. But if we 'win' and end up getting $1.60us, $1.30euros, parity with pound, you can kiss our economy goodbye.

[troglodyte2084]

Strong dollar is undoing all the hard won gains of the 90s. Tourism, manufacturing, education, retail all going down the toilet. Property soon to follow. Commodities are a blessing and a curse. We are already half way to becoming Saudi Arabia type banana republic. All public servants in a socialist nanny state system. I wouldnt be too confident about aussie dollar strength if i were you. The stronger the dollar gets the more fragile the economy gets. Gotv debt 8%gdp (good) Private debt 90% (bad)

[thane17]

Hey John, if the government's can in fact keep our currency stable by warding off deflation with money printing then isn't that a strong argument for the dollar being a store of value and that our debt holders will continue to hold our debt? I think there has to be a loss of confidence in our currency before that overseas debt comes back, and you're saying the government can prevent that.

[troglodyte2084]

Hey Johno, good to hear the crooks didnt get your stash and just stole your worthless tech junk. If we ever get home invaded Im just going to give them my laptop and phone, hopefully that will get the morons to leave without my stash. Interested on your views on the aussie economy. Things like the dollar, property, tourism, eduction, manufacturing. 2 speed economy stuff. Sure we have mining/commodities, but what about the rest of the country? Can you see a bad recession in the non mining states?

[atsag83]

if they took your silver, you could have given the police your subscriber list as a set of suspects

[troybr79]

the BRIC nations are dumping bonds at an alarming rate, the Russians have dumped 50% of theirs in the past year and China has drastically scaled down on their holdings which simply means that QE has never stopped. Somebody has to be buying the UST bonds, the FED is supposed to be the buyer of last resort but pretty soon they will be the buying of ONLY resort. It's a sick circle-jerk system of monetizing the debt and when it stops nobody knows.

[0794317]

Hey John, I have been following your work for a while now both here and on silverstackers.

Thanks for sharing your opinions I very much value your insight.

You state here that the US devaluation would come as an overnight move. How do you see the social implications playing out? My thinking that a financially secure family switched onto these sorts of events would be as far from suburbia as possible? What events would lead you to make that move? (I have already made my move to rural life)

[safeinsuburbia]

Better hope the US does well...

because Australia will likely do much worse.

Ask Mystic, if you disagree.

[crubeo]

Your silver looks gay.

[DiggingNorway]

stay strong bro'

[Skudgeboy]

Great video John and glad to see they didn't nab the "Lady Fortuna's"!!

[skybirdbird]

wow... sorry to hear about the robbery.. it is kinda funny that they left the silver... tkx for the insight...

[charlesfuchs]

What is wrong with people. just buy it and move on. Better learn to make cash flow people.

[onisuk]

that beard looks gay ;o)

[stellaconcepts]

@onisuk I think commenting on mens facial hair, expressing your like or dislike, is infact more - how do I say - soft - than the beard itself.

[DJamesLaSalle]

@onisuk but in a good way.

[1goodsoup]

@onisuk its a goatee and John wears it well :-)

[rjthomas23]

Good video! Be careful though, if those burglars eventually realise the value of that silver they might come back.

[MyOwnYTAccount]

John - what does Australia's central bank's reserves look like?

Canada is another so called "resource" currency, but the Bank of Canada has almost no gold reserve (we sold it all off in the 90'S).

[BiggerThinking1]

@MyOwnYTAccount Australia sold off most of its gold in the 90s too - seems most countries did - quite suss!

[lindabebe835]

thank you john. vid is very informative especially for someone like me who is learning about investing.

[MyOwnYTAccount]

Didn't grab the silver? What stupid chumps.

[penguinistas]

6:30 "a truck load of resources" Sadly, we've got lots of resources in the US too but the government has crippled our ability to extract them.

6:54 The dollar rally seems to have been for all the wrong reasons. They weren't attracted to the US dollar, they were fleeing another fiat currency for "the safety of the dollar", which I liken to running "for safety" from the bow of the Titanic to the stern of the Titanic.

[trilobit00]

how can debt be repatriated?

[SpykerSpeed]

Turning around... let's see if it gets down to $23,75. I don't think it will.

[tuubydude]

lol, passed up the silver. What idiots!



[azerovc]

When to buy silver? Wait until it comes to $75 and then buy, because at that point you'll be sure it's gonna go up

[Luiyi385]

And so what did you do to Raw Dog this time? He has been vanquished once more ! Was it you ?

[Silver2012DotCom]

woooooooooooow they left your silver!!! That's why they are robbers, because they have no clue what's going on in life. By the way what happened? How do all your subscribers know what happened already?

[azerovc]

@Silver2012DotCom silver too heavy to carry...

[cosmosgato]

That's to funny.

Even drug addicts know silver is BS.

Ever notice gold and silver are never a good buy on there own?

Land, stocks, classic cars people will just buy and say YES!

But to buy precious metals you first have to shit all over everything else first.

Some brought that to my attention and it was WOW you're right.

[lilbromarky1]

@cosmosgato Can you clarify what you mean by saying "shit all over everything else first"?

[cosmosgato]

@lilbromarky1 People buy Google because they like the products like Youtube. Happy. People buy land because it's fertile. Happy. People buy 57 Rolls because it's a beautiful car. Happy. But people buy silver because all cash stock and bonds will go to zero and zombies will attack! Happy NO! Paranoid, fearful, angry YES!

[lilbromarky1]

@cosmosgato Cosmos, one other thing to consider since you seem to be lulled to sleep maybe just a little bit by the eye of this economic storm. Google image search historical interest rates back the last 100 years. Tell me if you can find a time where rates were at 0%. We are already checkmated sir. If any wildcard such as a natural disaster, a nuclear accident, an attack comes along anytime in the next decade, it will trigger some losses that I will probably throw up just from watching.

[cosmosgato]

@lilbromarky1 Actually Japan has had low rates for some time and recently suffered a nuclear accident and guess what? Their world keeps turning and we're much bigger than them On the positive side i.e. making money get ready for the eventually raising of rates. Be ready to short the bond market. Lastly in a case of true HELL ON EARTH! It won't make a bit of difference what you're in.

[lilbromarky1]

@cosmosgato I agree with your analysis for the most part. I'm personally not betting on the "hell on earth" situation. I do think it will continually go to shit, as a neverending string of bankruptcies and crises unfolds slowly over the next 10 to 20 years. Realistically I'm looking for an overnight deval of the dollar like john says here. Also looking for a war that the USA loses. A quick collapse would be merciful but I have a feeling these crooks will drag it out for as long as possible

[lilbromarky1]

@cosmosgato In regards to japan. Look at all of their exports. In comparison, look at what we export. I dont even know what we export anymore. Everywhere around me in PA are dead steel mills. If the usa were to lose its ability to import, which is strictly tied to its dollar/reserve currency status, what would we have here? We'd have food, some expensive to get out of the ground petroleum, and a big % of the population who would be unemployable. I dont think well go 3rd world but it will suck

[lilbromarky1]

@cosmosgato The reason I say that Japan is different than is us because as the money supply increases, unless the amount of goods and services in the USA also increases, the price rises will be inevitable. So comparing Japan's low interest rates to the USA I dont know that that's a fair comparison, unless there's something I'm missing.

[cosmosgato]

@lilbromarky1 Concisely other securities independently win on there own merits . The metals requires everything else to fail to win. You don't actually want it; rather you hate everything else more. It's a totally negative mindset.

[lilbromarky1]

@cosmosgato It is a negative mindset. The truth is all ponzi's end suddenly and without warning, all paper currencies die. IMO the us dollar/debt scheme is a ponzi. Its up to you decide if we are going to witness dollar/euro deaths and plan accordingly. The banks are offering 0% interest. Therefor there is no acceptable alternative than to leave the system, at least for me personally. You can mock this thing bc the dow is rallying a bit but I wouldnt be letting my guard down just yet.

[theMAXILOPEZpsycho]

@cosmosgato yep, and yet at other times in history people would've fought and killed for those metals or gazed upon them as a rare and amazing treasure. Funny how things change, what?

[texture6]

I wonder what the result will be when they raise the debt ceiling :)

I can't wait ;)

[achalmers]

You're not allowed to protect yourself with owning a gun in Australia, are you? Isn't it against the law there?

[wakeupitshere]

@achalmers you can own firearms for target shooting, semi automatic hand guns. Semi automatic rifles have been banned though

[achalmers]

@wakeupitshere That's good. I was under the impression that the government in Australia banned all guns.

[BiggerThinking1]

@achalmers they banned unlicensed possession of guns after a 1996 incident in which an alleged retard went on the world's worst ever gun massacre and killed 35 people. There are some who believe there's more to the story but its hard to get info on it. Government then ordered all guns to be handed in in a gun amnesty - most people complied - now very few people have guns - I know of only one person who is a license hunter.

[investornator]

@BiggerThinking1 lol mate first off all Martin Bryant shot 30 odd people from his hip and got all head shots.Every shooter knows this is impossible.Even the leading cop on the case new it was a sham.They took away semi autos ,you can still own a bolt action rifle ,pump rifle ,shot gun,hand gun ect.Just join the SSAA and apply for A/B licence (for rifle and shotgun).Heaps of Aussies have rifles and shotguns/pistols ,its autos we dont have!Vote 1 SHOOTERS PARTY!

[investornator]

@BiggerThinking1 primary producers are the only ones who can have semi autos

[Stokjockey]

So the Robbers did not want any Andean Cats or Blue Throated Macaws.

[GuildF40]

I think the bottom line is "You are either in or you are out"

I 100% agree a massive spike up will just happen, maybe in 2 months or 2 years but then it's too late. No point getting insurance after a car crash !

Cheers mate

[ByTheGram]

Ha if they had took your 200oz of silver they probably would have cashed the coins for face value on a coinstar or whatever your change machines are called over there.

[renton2872]

Today, you look a lot like Cenk. Today, I can see your Turk.

Love your videos. I almost doubled. thank you. Sorry about the robbery.

You should check out The Young Turks sometime

[almanacaa]

Have you thought about a gaurd dog?

[dauerhaft1]

USA has massive natural resource deposits untapped and could back the dollar as well..

[maximuslaurius]

Nice Vid, Cleared up some of your positions for me.

Obviously those thieves weren't the smartest :)

[InTheSticks0001]

BTW, we like bats here, but I'd wouldn't want to get whacked by a cricket stick either. If a bat is easier, we'd recommend an Aluminum model. Bats have a natural feel, would be recyclable, and the physics involved are essentially the same. Clubs require one to be right on target. Not the best choice for some occasions... Just having the option could be comforting. A noisy dog, flood lamps, razor wire. This is the time to review and get it done while she's still in the mood.

[dowhatuwill]

Please correct me if I'm wrong, but when you say you're getting in at $23.75 (if we ever see that price again) You are only talking about PAPER silver.

I think in a couple of years we'll look back at these prices today the way I looked at the $10 silver in 2008 and thought to myself 'My god, that's way too cheap.'

I loaded the boat, backed up the truck and filled my pockets.

[gibbo675]

Between you and GuildF40!

Bad news all the same, take care John.

Excellent comment on the repatriation of US debt.

[breakinmedia]

What on earth is a good core position? lol some people say 500 oz, other say 1000 then 3000 upwards.

[BiggerThinking1]

@breakinmedia - its not a set amount - varies with the individual circumstance - just like investing strategy.

[RaveBrah]

Good Vid, mate.

Off topic but but what got me through my break in was at the end of the day I have my family and my health. All the best to you and yours! Playing out all the scenarios in your head will not benefit you and wont change a thing. Take it easy, bro. Liking the soul patch. :D

[InTheSticks0001]

Here in the U.S. we face two problems, the monetary, and just as important and actually much more scary than a devaluation, is the political situation. The problems are separate and related. Unfortunately the whole of the English speaking world is similarly effected, with the US being the worst of course. Right now Canada is only 10km away, yet soon Australia will be a closer neighbor. Which alternative is more appealing? I'd still say Canada. I hate vegamite.

[BiggerThinking1]

@InTheSticks0001 Basically - Canada is cold - australia is VERY hot! - 40 degree C (110F) days every summer in most areas.

[InTheSticks0001]

@BiggerThinking1 Perth has the best weather.

[BiggerThinking1]

Thats debatable - perth sun is absolutely ferocious - perth has the highest skin cancer rate in the world - you start burning in literally 15 minutes - and its is arguably the hottest capital city of them all - 43 degree peaks in summer - once it hit 46.7 degrees (thats 116 fahrenheit). Its also the 5th windiest capital city in the world - the wind is not pleasant. Winters are kind of british - cold wet and miserable. And its the most isolated capital city in the world - so travel costs add up!

[BiggerThinking1]

@InTheSticks0001 the main reaon people like Perth is that the affluence is very high - due to mining wealth - a lot of people are very wealthy. But along with that comes a stuck-up snobby arrogance and indifference that is hard to believe - kinda like a Hollywood attitude amongst the people of Perth

[theMAXILOPEZpsycho]

@BiggerThinking1 Australians can be posh? Sounds oxymoronic to me

[BiggerThinking1]

@theMAXILOPEZpsycho Its just like USA - everything from rednecks (we call them bogans) to snobs.

[theMAXILOPEZpsycho]

@BiggerThinking1 People from the USA can be posh?? I'm from London, but living in the south of France

[danceisvitalbreath]

John, thank you for your time and energy in making these videos! Very refreshing to have a level-headed, objective perspective vs. cheerleaders, book-talkers, zealots. Would be interested in a video where you do a rough breakdown, in percentage terms, of how you currently have your assets allocated. Core metals position vs. Investment metals position vs. Cash, etc. Also, what is the most (in percentage terms) that you've ever had in metals (core position included) at any given time?

[barnone11967]

Thank god the criminals were sheeple ;)-. I guess sometimes it's good to know most people have no clue about gold and silver.

[irish164321]

Two hundred oz ignored!! It shows the mental state and education level of the scum that chose to steal from you.

[daveashe]

LOL 200 OZ!! L200Oz-ers!! I actually had a couple of Turkish guys laugh at me when I mentioned silver, they are the king of Gold over there..

[TheSchaefReport]

I appreciate the vid and the channel promotion, John. Thanks a lot. I guess with all this back and forth btw you and rawdog he made you sound like you lost all faith in the white metal and that you had all kinds of faith in paper. Not that he speaks for you, but, you know what I mean. Most of us aren't smart enough (or have the balls) to trade around the trend, as long as we know the trend is still "up" :).

[stellaconcepts]

@TheSchaefReport Rawdog is just scared about his investment and when someone says anything to the contrary that silver is going to 100 this year - well rawdog needs to attack them to feel better about his investment. dont blame rawdog... he's filled with the spirit of ... DOG :)

[rickmalone270]

In an interview where you were being interviewed, you said that you were completely and exclusively invested in physical silver. What happened to make you change your position?

[gottagetatubename]

Good video and simply distils some good points.Thanks

[jonah70757]

Silver hit its low just above $26 the last week of 2011. That was your buying opportunity. Silver is on its way somewhere back over $30

[angie7dino]

Thanks mate :)

[dominicjan]

John.... america is robbing the entire third world of their resources... USA has way more resources than australia... look what john perkins has to say about this for instance...

[dominicjan]

omg... they didnt take the silver... guess they really had peas for brains...

[alstar70]

That's because they are probably dumbass druggies.  Parasites on decent citizens.