CNBC Fastmoney BK calls for $130 Silver 2/28/2011

[AllTheSame711]

he is the only guy that understands silver.

[Begbucks]

@AllTheSame711 Really?

[4Th3Truthful]

Nationalize all banks and insurance companies. Build quantum entangled photon transmitters to travel from branch to branch. So unless the bankers were God from the 4th dimension they could never HFT or scam the people ever again!

[TheWildbill242]

At the end of the video, one of the Talking Heads mentions that people are selling $50,000. worth of SLV (the ETF) and getting their physical that way. He needs to read the small print. Much more dollar investment is needed than just $50k.

[TeMpTeK1]

ETFs are Electronic Traded Funds.. Like stocks only worse

[TeMpTeK1]

@Pagelos

[Pagelos]

I'm sorry, but what is ETFs?

[mezonesxbox]

wow the asians are demanding delivery. Other guy towards the end is right. It requires a "Basket" of a min of 50,000 to demand delivery according to the SLV prospectus. This means that the etf days are numbered and cheap silver is almost over. Once the etf's start having trouble delivering all that physical we will soon see "WE BUY SILVER" signs everywhere. Asia is not messing around- they have tons of cash and PHYSICAL IS KING!!

[cfini72]

Silver 1970 - Present chart is forming a huge 40 year Parabola!

[bweazel]

@cfini72 Shhhhhhh, they're having too much fun too pay attention

[Motoicon]

The jokers behind the counter can only laugh nervously like little girls.....Yeah, big joke you morons....

[SilverLiberationArmy]

This is a great upload! Thank you! LIKE!!!

[drewzillasaurusrex]

It will be umpteen dollars/oz when we get real price discovery and JP Morgue has been cornered out of the comex. What the hell I'll double that prediction at $260/oz and call.

[Plutarch1964]

The pundits will buy at 129 when we bought at 10 they will get some pain for laughing at the metal bug's

[1x93cm]

what i want to know is- how much will bread be when silver hits $130

[TeMpTeK1]

@1x93cm

.. I think your pm gains will offset the price increase several fold... In the last year alone Silver made 70-80% gains. Whatever the price will be .. you need to protect your purchasing power with pm's. Either way were going to see the greatest transfer of wealth in my lifetime for sure.

[silveristhefuture]

@1x93cm You can buy 5000 servings of food for 1000 dollars (20 yr shelf life). Prepare now and you won't have to buy pricey food later.

Pasta lasts for 3 years and 2.00 for a lb of pasta (good quality not the cheapest pasta) and 1.00 for a can of sauce. Feeds 6-8 people. :) and it tastes sooo good. My SHTF non freeze dried food of choice.

[RJAE100]

@1x93cm if you buy silver you will be able to wipe your ass with bread loafs

[1x93cm]

@RJAE100 ROFL....thats assuming anybody wants to sell you any bread for your shiny metal...

but there are pros and cons to everything so i wont bash silver or shitty moldy bread lol

[RJAE100]

@1x93cm haha yeah true. but if the same people causing the problems & richest ppl in the world are well invested in precious metals there has to be a reason. I think the ones who are stacking metals are gona be wealthy as fuck 10 years from now in my opinion and the ones invested in paper are gona be bumming. But totally, buy your food now!!!

[TeMpTeK1]

@pdlumina

yw

[nonpotentuzi]

Non-inflation adjusted chart = FAIL

[Mcleod0000]

Do those fools have any money ? They sure talk a lot of shit to peter schiff

[Seattle206723]

Ohh lord the pundits are waking up! Next the Spike Then the Sheeple to be Skinned.

[ShimmeringTruth1138]

Get the physcial SLV is a fraud. Paper money fails then what happens to the paper silver?

[djspin1025]

Haha.. I wonder how many of these fools own actual bullion??

[Johnnybluejohn]

I like how they all laugh at the end like its all a joke.

[TeMpTeK1]

@Johnnybluejohn

Glad your paying attention to their sentiment...cuz when they're all recommending silver/gold coins and mining stocks.. that when you sell.

[DoYouThinkForUrselF]

@TeMpTeK1 yep this makes me nervous lol

[DoYouThinkForUrselF]

@TeMpTeK1 hehe i missed your point. Exactly why it's not over yet. I laugh at their toilet paper with the one eyed pyramid.

[silveristhefuture]

@TeMpTeK1 I don't know if that will ever happen...their script is controlled by the fiat masters...

[frankcoffee]

It's called a fiat currency bubble. The first spike in silver looks to be around 1971 when the United States pulled out of the Bretton Woods Accord taking the US off the Gold Exchange Standard.

[Luiyi385]

It feels nice to be sitting on the right boat, cruising down the right river, and in the right direction...it's such a confortable ride.

[62636263c]

The rest of that crew are absolute fools.

[mezonesxbox]

@62636263c except the guy towards the end that threw in his 2 cents about asians taking delivery from the slv in baskets of 50,000 as required for physical delivery. Kudos to him- all the others yeah idiots.

[acuriousbeast]

'Something is different' that was astute! That this getting mainstream causes a lot of mixed feeling on this. More of us 'common' folks getting physical, yeah!!! More institutions and big investment funds snarfing up what little there is going to be left, not so much...

[CommentaryUSA]

With the silver market being as tight as it is, it seems inevitable to me that some big players try to come in and drive up the price. Buy what you can now and wait for the big spike.

[silverfuturist]

Wow! Maybe JPMorgan is ready to run the price up like I have been reading!

[MrYouKnowWho1975]

@silverfuturist why run up?