billionaire Eric Sprott – Expect $200 Silver

your only a bear here cause your cautious...nothing wrong with that...sometimes it's good to be reckless and pile in all your eggs to one basket..but most of the time it's just a bad idea...anyone thinking silver over $50/oz in the next year is had got to be smoking bad granola...look at the past 1 1/2 years after silver went from $48 down down down up down down up down up down up down up down...there'd have to be BIG news to make it shoot back up...and the fact the debt increased 3-4 trillion isn't forcing the price up...we'd need a drop in the dollar's value but that won't happen til the other currencies stop dropping too...

 

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A look at his **** poor track record for calls on PM's should make you look someplace else though. Just for one example for year end 2012 his was predicting, Gold at $2150 and Silver above $50. C'mon, I would have more faith in a monkey with a call like that.

 

Sprott's more huckster than moonbat. But IMO the real question for Silver in 2013 is WHEN/WHAT WILL BE THE 2013 Ag LOW?

April ('seasonal') or July (recent typical)? How far below $25./ozt before folks here start wailing & bailing?

 

This is the logical fallacy that provides the illusion of currency strength. Nearly all fiat currencies are being devalued, but since they are all compared against each other the dollar index could actually rise even as it loses buying power.

The buying power of the dollar does not change just because another currency's buying power does. Sure the strength of other currencies may indirectly impact the demand for the dollar, but that is the result of many layers in the cause and effect chain, the most paramount of which is market psychology (unpredictable), not a direct result of the currency strength.

This is simply the measuring stick used because it is a convenient way to make things look better than they really are. Gold would be the true measure if it weren't a paper traded market. As it is, we have few real measures beyond the grocery store and the gas pump.

 

ROFLMAO. Last seen 7 years ago

 

At least he didn't steal money from CT members.

 

Lol. Yeah I think you proved statement #1 with statement #2

Last seen 7 years ago

 

I agree it's funny. That's exactly what I'm doing right now. Last seen yesterday. Funny how the pumpers are all using new names now. While the rational posters are still here using the same names

The $3000 an ounce gold turned out far better prediction than these silver pumping predictions

 

Or NOT. Last seen 5 years ago

 

Fly by night silver pumpers. All pumping that $35 silver that just had to go up. Then as soon as they are 10000000% wrong they all sign up under new usernames.

 

Should have known it's the mold collector digging up zombie threads in the middle of the night then posting to himself over and over again. Loser.

 

Mehhh.... Some folks entertain themselves. But you know what they say about the big talkers.....

 

Sprott made 1, maybe 2, good calls in his life. But that's all you need to get very rich.

Now, he can be wrong 100 times as long as he is NOT "talking his book" and it won't matter to him financially.

 

$1,931 an ounce, which sounds like an all-time high when it isn't. I bought a new Mercury Cougar in October 1984 for $11,000. Today, a similar near (though not quite) luxury car costs at least three times that.

 

We go by NOMINAL prices when looking at ATH's.

 

Yes, but it gives people a false narrative. PM buyers never account for inflation, which is why they think they make money, (many of them anyway).

I own PM, but recognize its not a good investment really. Its a contra investment, which allows my overall portfolio to have smoother returns. Plus, i just like it, and that is worth something.

 

We're not talking about "making money" or accounting for inflation or beating the S&P 500.

We're talking about an all-time high in the nominal price of a non-dividend, non-interest paying asset. That's all.

I get all the "adjust for inflation" or "adjust vs. the S&P 500" talk, etc.

But that's for another thread.