Gold & Silver Investment Funds = Potential Scams - Mike Maloney

[gorethem]

Gold is going down to 900 per oz again soon see silver at 13 per oz

[whygoldandsilver]

@gorethem if that were the case there would be so many people waiting to snap up that bargain....supply would run dry and the price would go to the moon anyway

[waypastprime]

@whygoldandsilver Amen. If Silver goes down even to 25 an OZ I am in for more. The down tick will be huge, but if you see the script, it would show you the huge drop (if it comes) was to let the skittish relieve themselves of the metal, or the metal paper... If the drop is big enough, the banks that are shorting metals can get out with their pants still on... If you hold even if it hit 2 bucks an oz the upward trend will be impressive... That is what I am hoping for in any case.

[flagshipaudio]

@gorethem

Yes you keep thinking that and I will keep buying

[NebulaDNB]

@gorethem wont happen.. ever..

[tsafa1]

I would bet that the gold funds are very heavily leveraged as far as how much physical gold they would be able to deliver on demand if all investors demanded it. If that is the case, the price of gold in inflated too.

[Dog1418]

I HAVE A QUESTION. YOU HAVE SAID THAT SILVER IS MORE RARE THAN GOLD. WHY IS IT LESS EXPENSIVE THAN GOLD? Ps I'm not yelling, I just want to get noticed.

[whygoldandsilver]

@Dog1418 That's what I want to know too!!! =D

[polygamous1]

@Dog1418 good question so far as i know n am wrong manytimes gold was rarer than silver in the past it also looked better n was used for jewllery n store real wealth Now most silver is used by industry unlike gold so in the endit will have to rise dramatically to find its true level compouters batteries coloidal silver in hospitals lead free solder weapons space u name it they need silver so it will Rise dramatically one day possibly pretty soon buy what u can efford n GL

[ClintfromNYtoVA]

ETF's dont have to have gold and silver because they are derivatives.

gata (dot) org/node/8913

I see a black market in Metal Prices emerging once major exchange inventories run dry.

They will try to quote the price but no one will believe it anymore, premiums will increase, black market price develops.

There is the demonetization argument against silver but it has more industrial applications than gold which is 70% jewelry sales. Silver is undervalued, thus the premium on the ask.

[LuminousCosmos]

Couldn't agree more.

As of June 30th (George) Soros Fund Management owns 5.24 million shares of the SPDR Gold Trust (ETF) - that's nearly 13% of the fund's total equities. (Found in a MineWeb article 'Soros favoured gold in Q2, cut US equities').

It's interesting that he would choose such an investment vehicle at this time. With whopping political clout, this shall be an interesting barometer to watch.

[whygoldandsilver]

@LuminousCosmos I enjoyed watching Soros try to bash gold's price down by saying it was in a bubble a while back, so he could buy more. Nice try George =D

Nobody is bigger than gold. Nobody.

[Rico8458]

dont let the kenyan mau mau kikiyu negro mulato take your precious metals from you.

[richardminhle]

Hi Mike and Dan,

What do you think of the PerthMint's unallocated gold and silver. They say it is 100% backed. But is it really? it is safe and trustable?

Thanks

[whygoldandsilver]

@richardminhle that's a damn good question...I'll ask this when we film next week. Although I think the answer can already be found in the opinion he expressed in this video.

[richardminhle]

@whygoldandsilver If u could ask him i would be much apprecited. I sort of sort of thought it is not safe but somehow i think it is in the grey area. Regards,

[charlesfuchs]

Great question and a great answer.... you guys know what to do... so do it. Buy physical silver now and stop asking questions lol

[MrVocalBaby]

What about goldmoney? Is it not ok because it's not segregated? Thanks.

[neemz2000]

I'd like to second @MrVocalBaby's question, I'd be interested in Mile's specific opinion on Goldmoney.

[whygoldandsilver]

@neemz2000 Mike and James Turk of GoldMoney are great friends, I filmed a conversation between them recently in Frankfurt in which they discussed the economy, the likely scenarios and how best to invest. You'll love it, stay tuned. Actually, I think that video might be appearing on the Wealth Cycles site. Go have alook at Wealth Cycles if you haven't already, it's awesome. It might be a while before it's online, but will be worth the wait

[whygoldandsilver]

@MrVocalBaby see answer to neemz2000 thanks mate

[whygoldandsilver]

@PressForFreedom Thank YOU for the question mate. Have a good one. Dan