Investing in Precious Metals 101 ad

I’m concerned about holding gold and silver after watching this video…

Login or register to post comments Last Post 5757 reads   34 posts
Viewing 10 posts - 1 through 10 (of 34 total)
  • Thu, Jan 05, 2012 - 09:28pm

    #1
    Ameet

    Ameet

    Status Member (Offline)

    Joined: Mar 18 2011

    Posts: 4

    count placeholder

    I’m concerned about holding gold and silver after watching this video…

 Hi all,

I saw this video from Harry Dent and was concerned about what he said regarding Gold and Silver…

http://hsdent.com/blog-report/interview/

Any thoughts?

Take care

A

 

  • Thu, Jan 05, 2012 - 10:45pm

    #2
    whoknew79

    whoknew79

    Status Member (Offline)

    Joined: Apr 17 2011

    Posts: 3

    count placeholder

    I would love for Chris to respond to these ideas

Maybe there are some previous posts from Chris where he argues that inflation is more likely than deflation. Does anyone know of any posts that I should be reading to get an idea on how Chris would respond to what these guys are saying?

 

Thanks,

 

Will

  • Thu, Jan 05, 2012 - 11:27pm

    #3

    MrEnergyCzar

    Status Member (Offline)

    Joined: Oct 14 2010

    Posts: 23

    count placeholder

    Hold it

Hold it so you are diversified.  Eventually, it will move back closer to what it actually costs to get it out of the ground (anyone know how much it costs to get it out?)  It’s really just a Tulip.  

MrEnergyCzar 

  • Fri, Jan 06, 2012 - 01:33am

    #4
    sjdavis

    sjdavis

    Status Bronze Member (Offline)

    Joined: Sep 21 2008

    Posts: 45

    count placeholder

    CM on inflation and deflation

whoknew79 wrote:

Maybe there are some previous posts from Chris where he argues that inflation is more likely than deflation. Does anyone know of any posts that I should be reading to get an idea on how Chris would respond to what these guys are saying?

 

Thanks,

 

Will

Chris has written a lot about inflation and deflation. Here are just a couple pieces.  He’s also written counter arguments, I just don’t have them all in front of me.

I did a quick Google search “chris martenson inflation deflation” and picked a couple.  You can also use the search feature on the top right of this web page, which also uses Google search.

http://www.peakprosperity.com/blog/dont-be-fooled-inflation-upper-hand/4

http://www.peakprosperity.com/blog/commodities-look-set-to-rocket-higher

  • Fri, Jan 06, 2012 - 01:43am

    #5
    bluestone

    bluestone

    Status Bronze Member (Offline)

    Joined: Dec 29 2008

    Posts: 25

    count placeholder

    agree, hold it

I think they do make some good points, but they have not addressed certain points:

1.  what will peak oil have on the value of gold/silver

2.  What impact will world wide purchasing of gold and silver have on ultimate prices.  Multiple countries such as China and India have begun purchasing gold.  

3.  What impact will the world wide sovereign debt crises have on the demand for gold/silver

4.  Is there a value difference between paper gold/silver and physical precious metals.  

5.  if/when the Eurozone breaks up, will the flight to safety be in dollars or precious metals

6.  Are they suggesting putting money under mattress.  If we are to have a deflationary collapse as they are suggesting, many banks will go under.  So “cash” in the bank will be a risky venture.

 

Brian

  • Fri, Jan 06, 2012 - 01:50am

    #6

    Jim H

    Status Diamond Member (Offline)

    Joined: Jun 08 2009

    Posts: 1798

    count placeholder

    I started watching the video….

Watched to 18:15 and I have seen enough… I am always open to debate in questioning my holding of Gold and Silver.  That’s what being a critical thinker and truth seeker is all about.. not dogmatism.

That being said.. this guy is smoking crack.  They talk like they know about the debt bubble we are in.. but then to go and compare the collapse of Gold and Silver in 1980, and say that same will happen this time.. is absolutely idiotic.  Gold and Silver crashed in 1980 because Volcker decided to raise interest rates for dollar savers above the inflation rate… do you recall how high the rate on a CD was in the early 1980’s?  Volcker induced a recession to save the dollar.. he protected the scarcity integrity (of the currency) and caused people to save once again.   

Bernanke has no such maneuvering room today… were interest rates simply to mean revert… the US debt servicing costs would eat up a large percentage of our tax revenue.  Simply said, the most beneficial environment for Gold is one where interest paid to savers is less than the rate of inflation.. the bigger this disparity, the stronger the case for Gold.  This argument is completely spurious.  There is no bubble now, and the demographic arguments have no bearing on Gold and Silver… the parabolic phase will come when the 1%, along with institutional investors, decide that they need lots more exposure to PM’s as an asset class.  That is what I am frontrunning now.

If you have the guts and the investment capital, and believe as I do that Gold and Silver will continue to go up over time.. then there are some really absurd sales on right now in the mining space.  One example;

Vista Gold, VGZ   Market cap = $234M,  share price = $3.28. EPS = 0.93…. so… drum roll… P/E = 3.52.  

What does that tell you about the current status of the “Gold Bubble” ?????? 

And to EnergyCzar… that was a confusing post.  You appear to have no appreciation for Gold’s history as money.. benefiting always from nature’s own regulation of it’s scarcity.  The cost of getting it out of the ground, for what it’s worth.. will be going up along with energy costs over time, and along with decreasing ore grades over time.  Tulips are renewable…  more can be printed… but Gold is fossil (unless you are an Alchemist).   

 

  • Fri, Jan 06, 2012 - 02:10am

    #7

    Jbarney

    Status Silver Member (Offline)

    Joined: Nov 25 2010

    Posts: 198

    count placeholder

    Hhhhmmmm…..

 I just watched their presentation.  For what its worth, I see CM’s presentation of information as much more thought out, serious, and based in long term thinking.  First, this information does not talk about the arrival of a peak oil world (gas priceses have gone up nearly 20 cents in Vermont in 3 days) and it seems grounded that the economic system we are all concerned about will survive.  They talk about ups and downs and seasons, but I believe CM’s presentation challenges us all to think about a world where money continues to be printed at obscene levels.  Their will be periods of inflation and periods of deflation….no one knows for sure….

My money is on more and more money printing in the future.

  • Fri, Jan 06, 2012 - 02:17am

    #8
    ao

    ao

    Status Platinum Member (Offline)

    Joined: Feb 04 2009

    Posts: 882

    count placeholder

    another sigh

Geeze people, wake up.  Look at Harry Dent’s track record.

As for making killings on low P/E gold stocks, substitute inside connected sharks for S&W.

I see more blood shed coming.  Insider information and connections as well as psychology and emotions trump numbers and so-called facts every single time.

 

  • Fri, Jan 06, 2012 - 03:14am

    #9

    Jim H

    Status Diamond Member (Offline)

    Joined: Jun 08 2009

    Posts: 1798

    count placeholder

    So AO…

There are some very respectible Gold/Silver analysts that have sworn off all paper (most famously “ranting” Andy Hoffman, now of Miles Franklin)… they have had it with mining stocks, and argue passionately that they (miners) will never win, will be nationalized as Gold goes up, economies get worse, etc.  There is certainly good reason to be disgusted with the recent and longer term past performance of miners.  I would never argue for someone to make miners a large part of their investment portfolio… but I do think that right now, if you want to put some money in the casino.. there are some flaming deals on miners (for all the reasons above).  There is a parabolic phase coming for PM’s, and I do think there will be at least a period within that where the miners participate, and where some folks will make fortunes (if they know when to get out).  Then again, maybe I am as a moth to the flame.   

The stock I mentioned is heavily owned by Sprott and others… as with all stocks, one should do their own due diligence before investing.  

That being said… if the stock market decides to take a huge dump as a whole… given current psychology (PM’s as risk assets), PM’s and miners will probably dump right along with it…. and the blood will be shed as you say.          

   

  • Fri, Jan 06, 2012 - 03:43am

    #10
    ao

    ao

    Status Platinum Member (Offline)

    Joined: Feb 04 2009

    Posts: 882

    count placeholder

    if only it were that simple

Jim H wrote:

There are some very respectible Gold/Silver analysts that have sworn off all paper (most famously “ranting” Andy Hoffman, now of Miles Franklin)… they have had it with mining stocks, and argue passionately that they (miners) will never win, will be nationalized as Gold goes up, economies get worse, etc.  There is certainly good reason to be disgusted with the recent and longer term past performance of miners.  I would never argue for someone to make miners a large part of their investment portfolio… but I do think that right now, if you want to put some money in the casino.. there are some flaming deals on miners (for all the reasons above).  There is a parabolic phase coming for PM’s, and I do think there will be at least a period within that where the miners participate, and where some folks will make fortunes (if they know when to get out).  Then again, maybe I am as a moth to the flame.   

The stock I mentioned is heavily owned by Sprott and others… as with all stocks, one should do their own due diligence before investing.  

That being said… if the stock market decides to take a huge dump as a whole… given current psychology (PM’s as risk assets), PM’s and miners will probably dump right along with it…. and the blood will be shed as you say.          

Jim,

Never forget the government.  And never forget that the government is corrupt.  Let me give you a parallel hypothetical example.  Drug company finalizes production of highly promising drug.  Drug company makes press release to media (with promises on the side of advertising in said media when the drug comes to market).  Media hypes said drug (in anticipation of lucrative advertising deals).  Drug company stock price soars.  Drug company has to submit said drug to FDA for final approval.  FDA hacks review drug.  FDA hacks short drug company.  FDA refuses to approve drug.  Stock price of drug company plummets.  FDA hacks cash in their chips.  FDA hacks buy drug company long.  FDA approves drug.  Stock price rises.  FDA hacks cash in their chips.  Through connections, select politicos and others have access to this inside information as well, in return for special favors.  Investigation and prosecution is avoided through these connections.  Any resemblance between this story and real world events is purely coincidental.  

This hypothetical scenario has repeated itself in many permutations and combinations.  Do you think gold and silver are not being influenced by a similar hypothetical scenario?

P.S.  Why would anyone want to bet in a casino if they could own a casino?  

 

Viewing 10 posts - 1 through 10 (of 34 total)

Login or Register to post comments