@dobberdoss Okay so at the moment silver is worth 34.88USD/oz if the dollar loses half its value, which makes things twice as expensive, silver would be 69.76USD/oz However, it would much likely be worth much higher because people always seem to turn to precious metals to protect their assets which means demand > supply ; raising the price further. AND Silver is not only priced in USD it's sold globally in other currencies as well. This can apply to gold as well. There's more to it.
People don't want to hear it, they want the FED to print so people can get their food stamps, unemployment, social security, Section 8 housing and all other entitlements so they dont riot.
If people want a solution then would vote for Ron Paul 2012,but since it is too painful to fix the problem they will ride it out so hedging is the only option.
Doesn't matter if it is Gold, Silver, or Oats it is just that gold is small and dense, can fit a lot of wealth in a few pockets
Mike, if you're all about making money, doesn't that make you automatically corrupted and not out for my best interest? Good try scammer.
I love the way you dangle carrots just out of reach. You've learned well my friend, but I'm not falling for it. Instead of going after the carrot, I like to bitch tackle the A hole holding the pole and string that the carrot is attatched to. That would be you Mike. Get ready, I'm coming for ya..........................................................
In eighties Peru had an hiperinflation of 10,000 a year, people make lines for hours to buy 5 breads and two cans of milk, maximun limit controled by police. Price of gas changed several times during the day making change on prices of foods and goods. In nineties trying to correct economy, next goverment devaluated the currency, so if you have money to buy a car one day the next day you can buy a pair of shoes.Dollars were heaven those days.If dollar is devaluated dont see currency to be safe.
Go forward in time and get all the 100 dollar bills that will be worth 1 dollar then and bring them back in time to today. In an instant you turn $10,000 into one million.
While this all sounds good, I get suspicious when someone uses the time frame that gives the biggest bang. He also fails to mention that the Hunt Brothers tried to corner the silver market and that they drove the price up also. As always be wary. He has a book to sell. (NOTE: I too am concerned about hyper inflation - I also know that commodities can fall as fast as they rise.
And Silver the metal of choice for myself and other too poor to buy pounds and pounds of gold is taking out highs unseen since the 1980's. If I were not such a silver bug I would still be accumulating gold at even these prices because the dollar is a much worse asset class to hold then gold at this time. I am not a short term trader I look at the long trend and PM are only about 30-40% into this bull market. Plenty more upside possible. Buy silver till it hits $130-$160 an ounce.
This guy is an idiot. There was a time to buy gold and it was in the 90s or early 2000s. The price of gold stabilized in the 80s and declined in price through the 90s. The time to buy gold was in the early 2000s when it was around $200 instead of $1330 today. Are you going to wait another 30 years to get your return on investment? Give me a break...!
If you are smart you will wait until the economy recovers when gold will drop in price and get it relatively cheap. Source goldprice org
@MrSupernova111 You seem to be very arrogant. First you need to know what Gold and Silver are compared to paper money you are hyping or this so called non ponzi scheme economy. You're logic is that because gold and silver have been going up for the last decade that it's not a good investment? LOL! Gold goes up as the dollar devalues, silver the same except it is an industrial metal as well. Never in history has silver been rarer than gold, never in history has the world been intergrated
@MrSupernova111 ..And never in history as such a ponzi scheme economy been set up. This economy can NOT recover as you say, it must start anew. Either you lower interest rate and crash the dollar, or you save the dollar, increase rates and you crash the entire thing. You obviously probably don't know how JP Morgan and HSBC are suppressing the PM market and probably don't know the 25 plus lawsuits against them nor do you probably don't know about the DoD investigating them.
@MrSupernova111 Double Dip Recession?...How about a ponzi scheme ready to rock the entire globe? Get your away from the TV because you're using the bullshit propaganda lingo, and start studying monetary policy, how money is created and what happens when nations abuse their money supply. I stand by what I say, Silver will reach 4 digits, EASY! End the Fed bill is being introduced this week and sooner or later, JP Morgan will have to admit that there is more paper than silver to back it up
I know very well how money is created probably better than you. You run a VERY large assumption that the dollar will crash. That's your opinion not fact! I'm well aware of the national debt and know its not sustainable. However, to pretend you are either a policy maker or an economist to make predictions on the value of the dollar is bullshit.
Stop writing checks with your mouth that you can't cash!
@MrSupernova111 I would rather heed the advice of people like Peter Schiff, Bob Chapman (the BIGGEST GOLD AND SILVER BROKER during the 80's) GATA and others who have a proven track record of being right. In the end we will all know who is right. My question is will you be man enough to admit you called this Precious metal bull market all wrong? I think not given the level of discourse you have put out already.
That's fine but time will tell. Gold is already down about $20 just in the last few days. Maybe you should get it "while its cheap." lol
Regardless, if you understand how prices are affected by the economy you won't need Peter Schiff to tell you what to do. Most of the economic data coming in is positive and unemployment is expected to drop tp around 7% in the next two years. That's the reason I don't believe prices will continue to rise. But good luck to you.
It must be true about the gov. factoring out energy and food in the cost of living because US S.Security notices went out a couple of weeks ago stating No Cost of Living increase for YOU :) and went on to say that there hasn't been any CoL increase since 2008!
Great vid, but I think if one was to buy silver now, the profit will be more than a factor of 10. I think silver can easily reach in 4 digits due to fear, scarcity, and heavy suppression schemes by commercial banks and BIS
Go to goldprice org look up the 30 yera chart for gold and silver and reconsider. Silver and gold both have gone up a lot in the last ten years and unless we go into a double dip recession is highly unlike the precious metals will continue to rise.
@MrSupernova111 you must not realize how the Printing of huge quantities of federal reserve notes impacts the value of things priced in US dollars. If you figure 150-200 dollar a barrel oil into your models are you still so certain of economic recovery or a decline in PM values. You are either a shill for the establishment or someone who has not done all their homework.
the information is great, but that is as far as this should go. Thank-you for providing this information as a public service. However, if you are offering a sales pitch to buy into an information program, I will pass.
I'm glad you are excited to be at this time in history. I find that ironic, especially because you look younger than me (I'm an old 46), because I'm scared as hell.
I worry about young people (even though I have supported outlawing people from reproducing for my entire life).
Agreed. The con is probably getting ready to sell his gold and silver before he jumps out of the market. Precious metals have gone up exponentially over the last decade and will only go down as the economy recovers.
damn it I wish I had money to buy gold bricks.
TheSeeker008 2 days ago
buy gold and silver to increase your purchasing power
stangGTKKK187 6 days ago
A box of Corn Pops used to be 2.99$ CAD in the year 2008-2009, now in 2012, the same box is 5.99$ CAD !!!
WTF !?
Castorios 6 days ago
Almost at the end of the 36 months.......
sathookup 1 week ago
If ONE USD becomes worthless........then so will $770,796. It's ALL just paper!
dobberdoss 2 weeks ago
@dobberdoss they're always worth something.
nottinmatterz2day 1 week ago
@nottinmatterz2day ,
I have in my possession a Zimbabwean $100 Trillion dollar bill. My friend who went there and got it told me it would only buy about 1 loaf of bread.
dobberdoss 1 week ago
@dobberdoss Your logic is flawed.
OneKidChanges 3 days ago
@OneKidChanges ,
I'm always open to debate so........elaborate on your claim
dobberdoss 3 days ago
@dobberdoss Okay so at the moment silver is worth 34.88USD/oz if the dollar loses half its value, which makes things twice as expensive, silver would be 69.76USD/oz However, it would much likely be worth much higher because people always seem to turn to precious metals to protect their assets which means demand > supply ; raising the price further. AND Silver is not only priced in USD it's sold globally in other currencies as well. This can apply to gold as well. There's more to it.
OneKidChanges 3 days ago
LoL Greates Wealth Transfer. Mike Maloney knowledge thief.
MrMick73 2 weeks ago
This guy is a hack. Go listen to Mike Maloney - GoldSilver buy his book and you will get a much better understanding.
ryanassist 3 weeks ago
All this guy is doing is repeating what Mike Maloney (The Original G) has been saying for over a decade.
Please check out Mike Maloney, who tells you everything for FREE and does a much better job at explaining.
RuFFRyDas87 4 weeks ago 2
People don't want to hear it, they want the FED to print so people can get their food stamps, unemployment, social security, Section 8 housing and all other entitlements so they dont riot.
If people want a solution then would vote for Ron Paul 2012,but since it is too painful to fix the problem they will ride it out so hedging is the only option.
Doesn't matter if it is Gold, Silver, or Oats it is just that gold is small and dense, can fit a lot of wealth in a few pockets
Backtalk2u 1 month ago
Wounder if this guy is voting for Ron paul :P
deathsoup1 1 month ago
Mike, if you're all about making money, doesn't that make you automatically corrupted and not out for my best interest? Good try scammer.
I love the way you dangle carrots just out of reach. You've learned well my friend, but I'm not falling for it. Instead of going after the carrot, I like to bitch tackle the A hole holding the pole and string that the carrot is attatched to. That would be you Mike. Get ready, I'm coming for ya..........................................................
greezy39 1 month ago
In eighties Peru had an hiperinflation of 10,000 a year, people make lines for hours to buy 5 breads and two cans of milk, maximun limit controled by police. Price of gas changed several times during the day making change on prices of foods and goods. In nineties trying to correct economy, next goverment devaluated the currency, so if you have money to buy a car one day the next day you can buy a pair of shoes.Dollars were heaven those days.If dollar is devaluated dont see currency to be safe.
intellsoul1 4 months ago
...so what your saying is buy yourself a time machine...
Thanks you have great advice!!
luthierzan 5 months ago
@luthierzan
Go forward in time and get all the 100 dollar bills that will be worth 1 dollar then and bring them back in time to today. In an instant you turn $10,000 into one million.
MrAlanKendall 3 weeks ago
@MrAlanKendall I ran out of heavy water for the flux capacitor of my time machine in my Dalorean or I could do just that
manofreedom 3 weeks ago
@MrAlanKendall I did that, but they were printed in chinese, so stores didn't accept them. :(
Rhal95 2 weeks ago
Don't you love it when people choose significant events in history, to show how to make loads of money..
scynnn 5 months ago
the last hyperinflation was in Yugoslavia 1990's.
beginatory 7 months ago
@beginatory We had that too in Romania :)
qpae123 1 month ago
While this all sounds good, I get suspicious when someone uses the time frame that gives the biggest bang. He also fails to mention that the Hunt Brothers tried to corner the silver market and that they drove the price up also. As always be wary. He has a book to sell. (NOTE: I too am concerned about hyper inflation - I also know that commodities can fall as fast as they rise.
gdt1962 11 months ago
And Silver the metal of choice for myself and other too poor to buy pounds and pounds of gold is taking out highs unseen since the 1980's. If I were not such a silver bug I would still be accumulating gold at even these prices because the dollar is a much worse asset class to hold then gold at this time. I am not a short term trader I look at the long trend and PM are only about 30-40% into this bull market. Plenty more upside possible. Buy silver till it hits $130-$160 an ounce.
sscam2001 1 year ago
This guy is an idiot. There was a time to buy gold and it was in the 90s or early 2000s. The price of gold stabilized in the 80s and declined in price through the 90s. The time to buy gold was in the early 2000s when it was around $200 instead of $1330 today. Are you going to wait another 30 years to get your return on investment? Give me a break...!
If you are smart you will wait until the economy recovers when gold will drop in price and get it relatively cheap. Source goldprice org
MrSupernova111 1 year ago
@MrSupernova111 You seem to be very arrogant. First you need to know what Gold and Silver are compared to paper money you are hyping or this so called non ponzi scheme economy. You're logic is that because gold and silver have been going up for the last decade that it's not a good investment? LOL! Gold goes up as the dollar devalues, silver the same except it is an industrial metal as well. Never in history has silver been rarer than gold, never in history has the world been intergrated
vinny1010 1 year ago
@MrSupernova111 ..And never in history as such a ponzi scheme economy been set up. This economy can NOT recover as you say, it must start anew. Either you lower interest rate and crash the dollar, or you save the dollar, increase rates and you crash the entire thing. You obviously probably don't know how JP Morgan and HSBC are suppressing the PM market and probably don't know the 25 plus lawsuits against them nor do you probably don't know about the DoD investigating them.
vinny1010 1 year ago
@MrSupernova111 Double Dip Recession?...How about a ponzi scheme ready to rock the entire globe? Get your away from the TV because you're using the bullshit propaganda lingo, and start studying monetary policy, how money is created and what happens when nations abuse their money supply. I stand by what I say, Silver will reach 4 digits, EASY! End the Fed bill is being introduced this week and sooner or later, JP Morgan will have to admit that there is more paper than silver to back it up
vinny1010 1 year ago
@vinny1010
I know very well how money is created probably better than you. You run a VERY large assumption that the dollar will crash. That's your opinion not fact! I'm well aware of the national debt and know its not sustainable. However, to pretend you are either a policy maker or an economist to make predictions on the value of the dollar is bullshit.
Stop writing checks with your mouth that you can't cash!
MrSupernova111 1 year ago
@MrSupernova111 I would rather heed the advice of people like Peter Schiff, Bob Chapman (the BIGGEST GOLD AND SILVER BROKER during the 80's) GATA and others who have a proven track record of being right. In the end we will all know who is right. My question is will you be man enough to admit you called this Precious metal bull market all wrong? I think not given the level of discourse you have put out already.
sscam2001 1 year ago
@sscam2001
That's fine but time will tell. Gold is already down about $20 just in the last few days. Maybe you should get it "while its cheap." lol
Regardless, if you understand how prices are affected by the economy you won't need Peter Schiff to tell you what to do. Most of the economic data coming in is positive and unemployment is expected to drop tp around 7% in the next two years. That's the reason I don't believe prices will continue to rise. But good luck to you.
MrSupernova111 1 year ago
It must be true about the gov. factoring out energy and food in the cost of living because US S.Security notices went out a couple of weeks ago stating No Cost of Living increase for YOU :) and went on to say that there hasn't been any CoL increase since 2008!
gary97209 1 year ago
Great vid, but I think if one was to buy silver now, the profit will be more than a factor of 10. I think silver can easily reach in 4 digits due to fear, scarcity, and heavy suppression schemes by commercial banks and BIS
vinny1010 1 year ago
@vinny1010 I am predicting that Silver will trade for the same amount and higher then the value of gold in the not to distant future (2017-2020)
sscam2001 1 year ago
This has been flagged as spam show
@sscam2001 I would not be surprised by this actually! :)
vinny1010 1 year ago
@sscam2001
I figured it would at some point in my lifetime, but if it comes that soon I will be one happy camper.
chaseef 1 year ago
@sscam2001
I predict you are wrong. The economy would have recovered long before then which means precious metals will decline in value.
MrSupernova111 1 year ago
@MrSupernova111 Please care to explain to us how this economy will recover
vinny1010 1 year ago
@MrSupernova111 Ummm ok. What planet are you on bud wish it was Earth...
sscam2001 1 year ago
@vinny1010
Go to goldprice org look up the 30 yera chart for gold and silver and reconsider. Silver and gold both have gone up a lot in the last ten years and unless we go into a double dip recession is highly unlike the precious metals will continue to rise.
MrSupernova111 1 year ago
@MrSupernova111 you must not realize how the Printing of huge quantities of federal reserve notes impacts the value of things priced in US dollars. If you figure 150-200 dollar a barrel oil into your models are you still so certain of economic recovery or a decline in PM values. You are either a shill for the establishment or someone who has not done all their homework.
sscam2001 1 year ago
the information is great, but that is as far as this should go. Thank-you for providing this information as a public service. However, if you are offering a sales pitch to buy into an information program, I will pass.
TheSilverWatch 1 year ago
I'm glad you are excited to be at this time in history. I find that ironic, especially because you look younger than me (I'm an old 46), because I'm scared as hell.
I worry about young people (even though I have supported outlawing people from reproducing for my entire life).
deskset24 1 year ago
Germany in the 1920's
mghens 1 year ago
don't waste your time. sales pitch.
cunnidvd 1 year ago
@cunnidvd
Agreed. The con is probably getting ready to sell his gold and silver before he jumps out of the market. Precious metals have gone up exponentially over the last decade and will only go down as the economy recovers.
MrSupernova111 1 year ago