is it feasible? seems a bit uncredible. BBC Predicts Silver Price will be $150/OZ

No Larry, I was asking exactly what I asked. If you had any financial arrangements with bullion dealers, such as pay for advertisements, pay for insertion of Dealers names, etc. It is all fine to be a investor, to believe in owning PM, and encouraging others to do the same, but if one gets money for doing so, One should say up front if their opinions are to be taken as serious thought. At least in my Opinion.

Thanks
Jim

 

Log in or Sign up to hide this ad.

with or without

I think those things will happen. and bread will be $8 a loaf, eggs $5doz, etc. but those things are going to happen anyway with current policy so I would rather have gold & silver than not have any.

 

Envision a situation where a Government can decide at close-of-business on a Friday afternoon to take 10% out of your bank accounts over the coming weekend, as a new tax on cash holdings. Just imagine what that would do to the public's confidence in banks, fiat currency, cash holding, etc. Now consider what the impact of this new sneaky tax grab might have on inflation and tangible assets.

Oh, by the way...this actually happened in Cyprus last Friday...

 

What if we couldn't get into our SDBs?

 

Be careful we don't conflate vastly different things, here. Is there any evidence Cypriot authorites raided SDBs? I've seen NONE.
http://www.bankofcyprus.gr/en-GB/Other-Services/

In the USA, I should think the risk associated with PM storage in a SDB is infinitesimally low.

 

I am mixed on whether we will see the USD surviving beyond triple digit silver. Anything over $50 could spell the end of the fiat experiment as it would undermine confidence in paper.

Based on my analysis, assuming that the USD lasts indefinitely, I am projecting $114 in 2014-2015, and a hyperinflation in 2016-2017. This is based solely on the price of silver and its percentage based moves over this bull run as a function of time, which may or may not be reliable, but the pattern is there. Tops of $9, $21, $49, each coming one year quicker than the time it took to make the previous top. $114 is the next number in the sequence at a very harmonic 133% ratio.

I don't really care what Larry's vested interests are. We all have a vested interest in breathing air, but that doesn't mean that it's wrong for someone to say that oxygen is important. Focusing on the messenger is a distraction tactic to steer people away from examining the information which is the only thing that should matter.