billionaire Eric Sprott – Expect $200 Silver

Discussion in 'Bullion Investing' started by SilverForLife, Feb 16, 2013.

  1. AlexN2coins2004

    AlexN2coins2004 ASEsInMYClassifiedAD

    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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  3. mikem2000

    mikem2000 Lost Cause

    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.
     
  4. Juan Blanco

    Juan Blanco New Member

    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?
     
  5. InfleXion

    InfleXion Wealth Preserver

    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.
     
  6. goldcollector

    goldcollector Member

    ROFLMAO. Last seen 7 years ago
     
  7. Oldhoopster

    Oldhoopster It seemed like a good idea at the time.

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

    goldcollector Member


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

    Last seen 7 years ago
     
  9. goldcollector

    goldcollector Member


    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
     
  10. goldcollector

    goldcollector Member


    Or NOT. Last seen 5 years ago
     
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