InvestorsHub Logo

jt6455

06/21/16 6:19 AM

#1349 RE: Tommy Two Times #1348

Each time Eric Sprott executes another offering in his silver funds he has openly admitted for a "Failure to deliver". However this is unlikely as there's no way that guy is going to be shorted on delivery not with the size of his megaphone

You and I are a completely different story which is why paying someone to watch your metal is a bad idea imo

Shaark

06/21/16 6:36 AM

#1350 RE: Tommy Two Times #1348

'Tommy Two Times' in regards to the ownership of metals, just like any other commodity or investment, it takes income. When a society is devolving into a poorer & more subsurvient one, money becomes tighter, there is less money velocity & with it, less to spend{ corporate & private debt are at an all time high}. Regardless of the money being printed, which has a tendency to gravitate to the top, the rest will be mired in a life of less & less affluence, with much of the debt remaining unpaid due to insolvency, while central banks hoard PM's. Furthermore, they will control{as they have been} the price action, therefore, as a matter of recorded financial history, PM's have done less well than other investments, including rare coins{numismatics}, which bullion dealers continue to denigrate in their effort to sell more bullion. My predictions on the PM's, as stated in an earlier post, remain{including NO Brexit}, unfortunately, 'sharktreatment' appears to have little or no intellectual aptitude, therefore, I've disengaged from further response, once he became mired in name-calling as an argumentative defense. As stated in that post, December will tell if my thesis on PM's stands the scrutiny, anything prior is mere speculation.
Insofar as silver goes, being an industrial metal, there is that unknown component of usage vs ready availability, therefore, depending on the strength of the economy, which would drive usage up or down, it remains an unquatifiable factor moving forward. GLTA