Silver sux is why. How can anyone in their right mind own either physical gold or silver after what happened in 2016? If you bought "paper" silver or gold (as in silver or gold mining stocks)in say Jan or Feb of 2016 you were up 200%+ in many cases before "physical" silver or gold even began to rally. That didn't get started until Mch. By Aug you pretty much were holding a 500% winner in any mining stock you threw a dart at. Gold couldn't even get above $1375 basically. You netted 20% vs 500%...who in their right mind wants to own "physical?" Do you honestly think physical gold will quadruple in 3 years? 5 years? You "coulda" taken 5 years off if you bought a handful of mining stocks in Jan and sold when people like Peter Schiff were piling the lemmings in. ...right before collapse. Bitcoin will be like gold in 3 years...watch. It'll drop below $1000 now and then 3 years from now the lemmings who just paid $2500 will be beitchin at the Dollar Vigilante's blogs like they do at Peter Schiff's Utube channel. If Dollar Virgil even around. He'll probably be into some other fantasy he can scam everybody with. As always, I'm on the case. You want to make money during the coming GRRREAT deflation? This shit gonna be eeeasy. Follow me or ask yourself why you didn't later on. :-)
RE: Lions, Stock Market Updates Plus: Gold, Silver, Dollar, Bonds. By Gregory Mannarino
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Lions, Stock Market Updates Plus: Gold, Silver, Dollar, Bonds. By Gregory Mannarino
Why should we follow you when you think that paper silver or gold is the same as silver or gold mining stocks?
They are two completely different things, a mining stock is a share in a mining company, whereas a paper ETF is a load of nonsense. It is basically fractional reserve banking, you think you are purchasing a real asset but in reality you just have an IOU. If everyone tried to cash out the whole system would collapse, because it is leveraged over 200:1.
http://www.zerohedge.com/news/2017-05-17/paper-vs-physical-amazing-amount-leverage-silver-market
That means over 200 people would be fighting for the same piece of physical gold or silver.
This is how they keep the physical market suppressed. They can essentially create an infinite supply of paper just by increasing the leverage. So what do you think happens when people lose confidence in this market and want there actual assets? People are going to be left with their dick in one hand and their IOU in the other.
I'm not a huge physical bug, I just don't like people thinking they are always correct.
Any monkey with some cash could make money in the current stock market. What happens now that countries are performing quantitative tightening and companies are no longer capable of purchasing their own stock, artificially elevating their share price? I wonder if the price will go up or down? Hmm interesting thought...
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Nooooo, I was only pointing out that if you bought mining shares, which are in fact "paper" assets if you ask your ave card carrying gold or silver bug, you could have taken the next 5 years off from trading/holding/stacking "physical" as the returns you are "hoping" for were already achieved in this sector. And whenever this sector "deadcat" bounces, "paper" will outperform "physical" once again...during that purrtickler deadcat bounce. I was just stating facts. You guys n gals are going to believe what you want to believe.
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Sorry to say it ... But you have totally missed the fundamentals to own Gold & Silver.
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You just flagged one of my posts and made accusations about me that I can't even see becuz my spew is flagged. if you have a problem with me I will be happy to discuss it. The part of your spew that I can actually read is a blatant lie however. Is there a court of law at this place or do really think I give a shit about your flagging? The people who follow me and want the truth lose. Not me. I couldn't care less cept it's certainly nice to log in my great market calls for future reference.
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You must have mistake me with someone else mate.
First of all. .. I have never flagged anyone on here EVER!
And i have no ide what you refer to when you say "The part of your spew that I can actually read is a blatant lie however ......" Since i have never comment on any of your posts .. I have no idea who you are ?!
Lets get this straight ... You comment above that: "Silver sux is why. How can anyone in their right mind own either physical gold or silver after what happened in 2016 ...... "
And i comment that with: "Sorry to say it ... But you have totally missed the fundamentals to own Gold & Silver.".
Thats neither "spew or lie" about you ... but simply my one line opinion.
Ps. And IF i had flagged this post (which i haven't) it wouldn't be on your post but Greg Mannarino's ...
since its His post we both comment on.
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Yes, it turns out I made a mistake of accusing you and I apologize. I was replying to the person who asked the question however. I felt it was important for him to know the "truth" as to why silver sux. Based on premarket trading right now it looks like my "short term" observations are being proven correct. Silver still sux. I'm not looking to buy silver though. I'm looking to save a silver bug so that they don't completely shit their pants with a $2 drop right here to say 13.50. I'm sure you don't wish to panic "if" you are a stacker. I'm simply trying to fix it so that you don't have to. Just follow along at my blog and watch me do it. I take ALL the "anxiety" out of making 30% upside...before you lose 50% from there.
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All well then. :)
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Yessir, betwixt you and I anyway. Not so good of a morning for silver stackers though...as "anticipated" but it's >>> "OK"...I'll STILL try and save you. If I liked the "potential" for a long in SLV yesterday then I should like it even more today. Is that statement not correct? :-)
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I would never trade in SLV/GLD.
I keep my physical PM for "a rainy day" lol
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