Silver prices to the moon!!

How can you claim that he knows they are or were false? He was going to make money whether the price of metals went up or down on his funds, so aren't his beliefs irrelevant? The simple fact of the matter is he could've believed every word he spoke, even if it was the opposite of what he said, his fund was still set up for his group to make money.

 

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No, you need to do some research on his funds, his funds are set up to for him to get bonus percentages if they do well. When they under perform, his take is much much smaller. So small that it put his company in trouble this year. In addition if you do a bit more reasech, you will find that he had large amounts of investors running for the door and there was serious outflow of money out of his funds. That put a double hurtin' on his company. He just did not make much money from his company this year.

There is only one logical explanation. He told his followers to buy metals, NOT to diversify, and he yet he jumped hard into equities. That is basically why he is a Billionaire. He knows how to play the game. Good businessman, bad individual. You need to face the facts, he duped his investors

 

Making more or making less is still profiting, or am I mistaken?

I don't have a need to research or reasech, his funds, as I really don't care. Mostly because I'm not interested in paper investments, or adding my currency into a rigged casino.

 

It might be, if you have others quoting his advice, just so you know where the man is coming from, no? I am not interested in his funds either, but since he seems to get quoted a lot in the PM press, I am interested in his personal holdings somewhat.

Btw, no need to pick on someone here for a typo man. I do it all of the time on my smartphone since I am a bigger man and have large fingers. A typo here or there is understandable on a chat site. I sure hope people do not think I am uneducated or illiterate because of a few typos in my posts due to tiny little smart phone keyboards.

 

I usually let typo's slide, but the tone of him directing me to do some research sucks, so I sent some bad tone back at him.

Some of you love to focus on guys like Sprott, Butler and the rest of that crowd, which is fine, it's your choice. One thing you might consider is that many times when you try to help people, you basically enable them to do themselves more harm than good.

 

Ahhhh NOW we understand!!

 

Well, I'll show you how the math works. Sprott starts out with 1 Billion Dollars, He preaches, PM's are the best investment, he tells people silver is going to $1000, he tells people the stock market is going down. He tells people not to diversify, he does not believe in it. The only conclusion is his personal investments are 100% PM. From investments alone, his net worth now should be $700 Billion, from the 30 + % hit but it went up 10% to 1.1 Billion. So we have 400 million unaccounted for. Now your claim is he made this money on profits from his company??? Well that would have to be a "good" year to say the least. As I explained, the way his fee structure is set up and the masses of his followers that headed for the door, this is impossible. Plain and simple, it didn't happen.

Thanks Chris, but actually I am pratically illiterate, and I am proud of it so I never take offense. I fix, maintain, upgrade, and run very complex software systems for a fortune 100 company and yet I cannot spell, type, use correct grammer, or form a decent paragraph. Makes me kinda quirky I would say

 

I don't think it's to da moon, but maybe just a little higher up on the crater that silver is in. We gained about 19 cents an ounce today anyway. I bought three silver dollars for $24 a piece, so I am cautiously optimistic...

 

I didn't expect things to get this bad, but I'm still bullish on the metals long term. Thanks to sentiment changing, the metals have been sold off like unwanted trash. Went things turn around, and they will, the metals will explode. I excpect things to go slow at first, but the next run we get will not be something you want to miss.

 

There's a comedian in every crowd.

 

haha, everyone thinks the bull market is over. That is why its going to explode. Like I said though, it will go slow at first. Think of the stock market recovery since the 2009 lows. Its taken 4 years to get here, and it was slow going. This year has been an excellent year for stocks. Right now the metals are in the same place the stock market was 4 years ago. Noone expects them to recover, and bearishness abounds. 4 years from now, I expect things to have flipped.

 

... and Santi Claus is going to bring me a Ferrari.

 

I have great "hopes" for the stock market in 2014 and don't want to bet against it in an election year.

However, I've been very fortunate since 2009 and want to protect my gains. I plan on taking at least 25% off the table at the end of each month (Jan-Apr), then waiting until Aug/Sept time frame before jumping back in...but that's just me.

I expect gold to be below $1000/Oz by the end of 2014. I'll buy Palladium if I buy any PMs at all.