I came across this the other say and, needless to say, immediately recognized the pitch. Does it sound familiar to you?
Don't know about the font but it sounds exactly like what I read in the 1980's. Of the reasons provided, everyone in the second category applies today just as it did in the 1980's. I don't know about supply deficits recently but regardless, everything in this clip is simply a rationalization because silver lost 93% of its value in nominal terms between 1980 and 2001, even as most or all of these factors applied. They didn't matter then and they are equally irrelevant now.
1970s and 80s. The era when the Hunt Brothers lost their shirts trying to corner the silver market. I would say goodie goodie gumdrop except a lot of people I know followed them like sheep led to slaughter.
Mid 1973. The parts I found most interesting were the "demand for silver" and the "dollar to the brink of collapse" statements. Basically, getting people to believe that Silver is not a GOOD investment but a GREAT Investment! Today, silver has no demand in the industrial world. In the precious medal field, not so much since people LOVE to believe that silver will hit $50 an ounce again. Fools then and Fools today.
If silver ever hits $50 an ounce, we all will have much more to worry about than the price of silver.
Since we cannot get political here, I would like to suggest an article at Conservative Times that starts out titled NASA predicts...mega drought exposed. It's an eye opener. It ends with a pitch for a book on self sufficiencey so you don't have to listen to the end, but it did end a 23 year investigative reporters career. Silver hitting $50.. an ounce is not impossible should this scenario come to fruition. Just listen and decide for yourself but please do not come back and turn this into a monster. Thanks.
Such as the worry we all suffered through in 2011? It's a freaking commodity that people want to believe will save them in an economic collapse? Having a refrigerated truck load of pork bellies would accomplish the same thing!
And the rhetoric "pushes on"! I have YET to find a retail outlet or business that was equipped to handle silver as a form of payment. My guess, is that ammunition would have far greater value should some anarchal catastrophy hit the country or world. Probably followed by water, food and gasoline. You see, in times of "need" people trade what they don't need for what they DO need. Silver has no real value other than ornamentation and the perception of antibacterial properties such as use in "silver"ware which hasn't happened for better than 6-7 decades. The US (and the rest of the world) stopped using silver in coins because the metal had high demand for "other" industrial uses (film, integrated circuitry) which caused it's price to exceed the face value of coinage which in turned contributed to coin shortages. Precious metals as currency are LONG gone and any speculation in that direction is simply folly.
The quickest way to debunk all the gold and silver myths of sellers is to just consider the fact that they are literally trying to trade you their metals for dollars. If it was anywhere near as good as they want everyone to believe or the life saver in emergencies they claim they would be hoarding metals not selling them
Yes, at some point, silver will hit $50 an ounce. And yes, its quite likely there will be a lot more to worry about or pay attention to that its price. The financial position of the typical American, developed world resident and probably most people is going to worse when this happens than it is now. Most people are going to continue to become poorer or a lot poorer.
Tell that to China. I hear there's a possibility they are trying to be the first to go back to the gold standard
