Marc Faber says Bernanke won't let stocks crash

[rollinglibs101]

So when do you see silver even breaking $20.00?

[silverfuturist]

@rollinglibs101 I am not able to predict timing of price breaks, I just look at fundamentals and what the pundits are saying.

[rollinglibs101]

I know what you are saying..Trust me I am not buying on anyones opinion except my own..I was just asking for a hypothesis?..I hear alot of the nuts on youtube talking about $1000.00 a ounce silver..I just want to see what frame of mind you are in?

[silverfuturist]

@rollinglibs101 $20 could happen in the spring, but it might happen later in the year. It all depends on when the Fed and "plunge protection team" decide to react.

[rollinglibs101]

Time will tell.Keep up the good-vids..You seem to be a level headed person..Well atleast I hope so.

[rollinglibs101]

This is a very interesing article..Have you read it?

Is China's Politburo spoiling for a showdown with America?

The long-simmering clash between the world's two great powers is coming to a head, with dangerous implications for the international system

By Ambrose Evans-Pritchard

Published: 5:33PM GMT 14 Mar 2010

[jhunted7667]

it's not crazy $1000.00 silver and here's why , the gold silver ratio when silver was legal tender was 16 to 1 ... so if the monitize silver right now they would have to reprice silver to $160 an ounce so if gold goes to $15,000.00 an ounce what would that do to silver

[TheCashistrash]

@rollinglibs101 the reason why alot of people say silver should be at around 1000.00 dollars an ounce is because historically before modern times and the manipulation of both silver and gold. silver used to equal the typical working man's wages for an entire week. Remember the bible Judas betrayed Jesus for 30 silver ounces. That was about half a years wages. those 30 ounces now is about a weeks wages. HMMM what happened to silver?

[TheCashistrash]

@rollinglibs101 there are some comex whistle blowers that claim silver is leverages by a factor of 100X. i don't know if that is true or not but i decided buy 200 ounces just in case. Hey u never know. it cost me 3800.00 at the time when i buy it now its about 4600.00 not bad 800 dollar gain in about a year. if it hits 1000 dollars an ounce i be a very rich man. LOL not betting on it but hey u never know.

[kensho3]

Futurist- interesting point: Bob Chapman is convinced that Marc Faber is an illuminati plant.

[silverfuturist]

@kensho3 So far Marc Faber has been mostly right, I wouldn't be surprised if Marc Faber is in one of those secret-handshake kind of clubs.

[magichandpuppet]

@Silverfuturist - another great one... thanks!

I clicked through to ZeroHedge and then clicked through from them to Yahoo, watched the video, and then started reading some of the comments up on that Yahoo page. WOW! Those people don't get it. Many think Faber is full of it, claiming he missed this bull market. Perhaps on a short run the S&P outperformed gold slightly, but it's only a short run... and those people just don't get it. Many think the equities bull market has just begun!

[silverfuturist]

@magichandpuppet Yea, I think those people don't want to get it. If my pension and 401k was locked into the market, and I could not take them out, I would not want to believe Mark Faber either. Plus, I love reading the ZeroHedge comments. I think that Goldman Sachs and JPMorgon employees get on there and razz the goldbugs just for fun.

[charlesfuchs]

I now have to watch the Green Zone.... I seen the preveiws but thought it was going to be like the borne ultimatum ..... Are you planning to start a cheese and scrabble club LOL jk jk

[silverfuturist]

@charlesfuchs it had a similar feel to the Borne movies, I liked it

[mlndstream]

Also, in Australian dollar terms, gold hit its highest price during February 09 when the markets made their lows. This is because the currency movements between the USD and the AUD were so large, and precious metals are purchased in USD terms, so when the AUD looks like it's topping out when the USD is bottoming, thats when other countries around the world start buying as a currency play to secure our purchasing power before our currencies start to fall

[silverfuturist]

@mlndstream Interesting about Australian dollar, from your perspective gold not quite as shiny at this point in time.

[mlndstream]

Robert Prechter mentioned precious metal purchased in currencies other than the USD as a play on the USD during times of deflation,now I know why.I am expecting some serious bouts of deflation in the future,but by the time the worlds monetary system has finally finished collapsing,gold will shine like the sun in any currency,but silver should shine more of course,in fact I even heard Robert Prechter mention that silver was undervalued relative to gold which he thinks is overpriced.

[mlndstream]

I not convinced with Robert Prechters reasoning as to why he thinks the worlds govts will not be able to prevent massive deflation during next few years,but I like to use his views to consider if I'm ready for the worst case scenario,and although physical USD banknotes stored in vault,US treasuries and the VIX seem to be his favorite plays,pm's seem to be another one if purchased in other currencies which will thrive during eventual inflation,debt default currency collapses or devaluations too

[mlndstream]

I read a 5yr chart for gold in AUD making higher highs and higher lows forming a slow upward curve rather than just a straight upward line anyway.I read a quote from Warren Buffet once saying he always buys assets with the question in mind of whether he would want to hold the asset if the markets shut down for 10yrs.All fiat currencies will have their value ruined somehow and at some time in the years ahead imo

[mlndstream]

Interesting connection with the 'Green Zone' possibly trying to tell us something. Lindsey Williams said to look out for any war movies coming up in the near future as they are supposed to have to tell the everyone what they are going to do in the future, something to do with their 'ethics'

[jayrush01]

lol i like how your "hobbys of the day" are things that would take a life time to master. :P

[veritasfiles]

Gold & silver does go up, but it doesn't actually change value that much. They essentially just keep pace with inflation over time. They are a way of preserving wealth, not gaining wealth.

[grraadd]

in english -> FUBEAR, yes ;-)

[gr8mikeY]

The fed owns so much garbage now that they have no choice but to prop it up.

[0muffins0]

I think I spotted some bearded guy in a suit rummaging through the neighbours bins for some "assets" the other day.

[starfish00000]

Scrabble is awesome! So is backgammon, poker, monopoly, chinese checkers, and checkers.

And if there's inflation, the stock market won't go down. A lot of people are skeptical of the market and think there's going to be a correction, because of that I don't think it'll crash.

[silverfuturist]

@starfish00000 I think there will be a correction in terms of gold, not paper money.

I am relatively new to backgammon. I downloaded GNU and practice with it, it analyzed games. I also try Yahoo backgammon, but many people there are nuts.

[fal2grace]

Thanks so much. I enjoy your "tips" in addition to the money info.

[0muffins0]

I do like watching your vids, SF. You're up there with MM for me.

TOTALLY agree with your take on the Mish/Faber interview. One thing Mish is wrong on is Japan and their debt. They were able to amass such debt without blowing up because the Japanese have been big savers over the last 20 years and the Japanese government could borrow from within its borders. So interest rates remained near zero.

[JOConnor100]

The latest appearance he had on CNBC he said to buy gold forever.

[libertymom100]

I think I've become too dependent on spell check to ever be good at scrabble. Guess I will learn chess as previously recommended.

[Zwikster]

Where can I find the Marc Faber VS Mish Shedlock interview? Was is recent?

[feegeit]

what a treat wake up and have a silverfuturist video already. love your vids!

[silverfuturist]

@feegeit thanks!

[artdeco101010]

That's a sweet setup you got there - never thought about people feeling the letters in the bag before they pull them out.

[AngriestAmerican]

I was playing scrabble once, and was behind 70 points, and was getting laughed at, and then looked at my letters and there was a word believe. Some one dropped a word ending in D near a triple word score. I dropped all my letters, then suddenly I was ahead by 80 points!

The point is, Believe, and those who laugh at you, will soon be left behind to ponder!

[AgrippasNotebook3336]

Nice story, played game and especially lesson learned. ;-)

[silverfuturist]

@AngriestAmerican If you can play all 7 letters through a letter on the edge of the board, hitting both triple word scores, you get nine times the score plus the 50 point bonus!

[AngriestAmerican]

Yes! I got 150 points for the word!

Everyone was shocked, and the leader laughed and said, "so much for being up by 80" haha!

[AngriestAmerican]

Silver, we are in a deflation period now.

Look at all prices, as opposed to gold! Gold was 750 and gas was 2.75 last year.

Now gold is 1100 and gas is still 2.75. I would call that deflation, against REAL MONEY, gold and silver!

[silverfuturist]

@AngriestAmerican, yes we are in deflation in terms of real money. In terms of paper money, super inflation coming.

[heidisweep]

bob chapman reckons faber is an illuminus, !

[AgrippasNotebook3336]

That's an interesting and unexpected view! lol What are his reasons for thinking so?

[heidisweep]

the interview video called gld and slv audit them bob chapman , let me know what you think

[Zwikster]

@heidisweep:

where can I find that interview?

[heidisweep]

hi its called. gld and slv ;audit them..bob chapman , iwas gobsmacked

[silverfuturist]

@Zwikster I just posted the link in the sidebar

[centervilletn]

how long can they manipulate the markets on this level seems to be the bigger question...what is the exit strategy?

[silverfuturist]

@centerviletn their exit strategy is probably the same as Iraq... oops they don't have one

[centervilletn]

fightening to contemplate.

[jimbobubbadj]

centerville, when enough people call for physical delivery of physical gold and silver and it cannot be delivered, physical and paper gold and silver will decouple from each other and the price will go up for physical.

[earthwayexperience]

Where can I send Uncle Ben my GPS coordinates (for money dropping) (>;

[1mealperday]

@earthwayexperience census takers will have it soon enough.

[silverfuturist]

@earthwayexperience Lol, they have the GPS of your doorstep the last time those census workers came by.

[skybirdbird]

tkx..........like the spring analogy......

[zappos49]

We took down Saddam after he switched oil sales from the dollar to the euro.

[AgrippasNotebook3336]

Hey, cool Scrabble board! You should start each vid with something on the board. lol

Money printers in the house! :' ( Too true. But that is only good news for the metals. No matter how they wish, they can't print gold or silver.

I think what Faber says sounds very true, but if you check out the Market Ticker from yesterday you'll see that we seem to be in store for one hell of a greater dip than 10-20%.

[looseal22]

@ agrippas - thanks for pointing out KD's take on this, others too have same opinion. Glad to hear another point of view: M. Faber's.

But of course to this plebian, I am just more confused on how to invest.

[AgrippasNotebook3336]

I'm no market strategist by any stretch of the imagination, but from what Denninger says, it seems that the wise thing to do is to stay out of stocks -and I'm thinking that bonds are only a temporary life boat. Once the Euro then the pound begin to really sink, then the dollar and it's fundamentals will be scrutinized and the jig (even to the most clueless investor) will be up. I think the story remains the same:metals, commodities (esp. food), stocks (?) in solid performing mines.

[NovusChaoMundi]

So I guess where going to see high inflation and possibly hyperinflation as long as they can print money.