$500 Silver, Max Keiser Explains His Price Target (Crash JP Morgan Buy Silver)

[RemoteViewr1]

I think $800 is more realistic. Fear is what you think he is peddling? You are trying to sell confidence in . .. . . ? I guess you might be right. I might be from the planet poptart too. Duh.

[Mastinox803]

Silver is down almost 50% now from it's high. Great call Max. You really hit the hail on the head haha. People need to stop blindly following these fear mongers and research markets for themselves before investing.

[lafler2000]

@DannyWilsonsLaundry if you don't think gold going from $256/oz to $1600/oz and silver from $2/oz to $48/oz in ten years , which are just 2 examples, are bubbles...then you don't know the definition of an asset bubble..I never said they are going to pop this year or the next, but when they do.....watch out below. and it doesn't take everyone to be in an asset to make it a bubble, in the year 2000, 51% of households owned stocks. do you know why 51% is such a magic number?

[lafler2000]

@DannyWilsonsLaundry the whole country invested in the stock market in the 90's causing a major asset bubble, the stock market has gone no where since 2000, the gov't has to keep diluting the dollar to stop economic contraction, this causes people to invest in commodities. now there is a bubble in commodities, which will end worse than the stock market

[lafler2000]

@DannyWilsonsLaundry wow dan, you are not educated enough on economics to respond to anymore, a socialist? I am against socialism, obama, bush and clinton telling us that the united states is ok when millions are losing their homes and going on welfare and prices of everything we buy are increasing faster than anyone can make the money to keep up...you figure out what that leads to. and you dont have to believe that I have any type of education or experience in economics, i really don't care.

[lafler2000]

and lets not forget that bidding up commodities raises the price of everything we buy, which is starting to cause world wide starvation and civil uprisings in many countries, egypt, libia, iran, iraq, afghanistan, saudi arabia, etc... while most incomes of the middle classes remain level or decreasing. meaning our annual incomes are becoming worthless.

[lafler2000]

it is gambling. and it seems you will find out the hard way...gl to you. gambling is bad because the pros and the wealthy always win and the middle class and average investor never knows when the bubbles will burst and they always lose...when the commodity bubbles started in 2000 gold was $256/oz and silver $4/oz or so. we're closer to the end of prices rising not the beginning. in my business they say when the general public buys it signals the beginning of the end in price increases

[lafler2000]

it is gambling. and it seems you will find out the hard way...gl to you.

[lafler2000]

when the commodity bull market is over and commodities/gold/silver crash for good, they will crash much much harder/faster than stocks. you should study the 1980's gold crash. see how steep the price declined and didn't come back up until 20 yrs later. plus no one will be able to sell their coins for what they're worth during the crash or even before it. hard assets are not easily converted to liquidity without major commisions/ mark down in value.... so you see for the average investor.....

[UponInfinity]

@lafler2000 You should understand, mr. professional that the only way the gov restored confidence in the dollar in the '80's was to raise interest rates up to 20%. The current ferderal debt is 14.5 trillion dollars, so if they do that today, the interest alone on the debt will be 2.9 trillion, 900 billion more than is currently collected by income tax.  JUST THE INTEREST. So, you see the dilemma?

[lafler2000]

@UponInfinity of course I see the dilemma, we're screwed either way. prices of goods and services that we all buy will keep going straight up at a higher rate than we can earn money.... the end result will be poverty for most of the nation except the wealthy 1 percent of the population, looking down the road a decade or so..we've spent more than we can pay even just the interest on, this makes the USA BANKRUPT causing run away inflation!

[lafler2000]

@DannyWilsonsLaundry I understand real wealth pretty well, I've been studying economics professionally for over 20 yrs. the problem with buying gold/silver in etf form is that they are asset bubbles that will pop some day for good, and the people buying at the top(the general public) will get crushed again as they have in the stock market the last 12 yrs. the problem with buying gold/silver coins is that they are not considered currency so legally you cannot trade them for goods/services and ..

[lafler2000]

and now what's silver at? all you gamblers are taking it in the face, 32 dollars from 49 in less than 2 weeks. didn't mommy ever tell you gambling is bad?

[Bass20HZobsession]

$34 today....wow it fell hard :(

[Nathan21122012]

I baught in at 37 Canadian. I thought I was going to lose lol

[Nathan21122012]

was 49 + last night lol

[traceyp64]

$47.63 now

[deanpatane]

i get it....but if gold is set as the backing metal to this future currency....what makes you think that Silver would need keep any historical ratio to Gold in this scenario? If so, wouldn't everything multiply in price at that very moment of new global currency issuance by the same level as the appreciation in gold? Houses? Cheese? Gasoline? Everything?

Unless the national debts of each country are eradicated through this, wouldn't the US still be bankrupt?

[flaccidpackage]

44.675

[josephlathus]

and now its $43.00!!!!!