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 David Schectman (SGTreport EXCLUSIVE): “SILVER OVERSOLD, This is a License to Steal”In this exclusive SGTreport silver and gold update with Miles Franklin precious metals founder David Schectman, Schectman says the bottom in precious metals is near, from both a practical and technical standpoint. David believes that silver in particular is vastly oversold and that the current low prices in the metals are “a gift, courtesy of the bullion banks.”
16 comments to David Schectman (SGTreport EXCLUSIVE): “SILVER OVERSOLD, This is a License to Steal”Leave a Reply |
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Hi SGT …
I had tremendous amount of old SIM CARDS … the one for making calls.
Just wondering, the chip on the sim cards are GOLD plated…
Can i keep it just for scrap ?
Any take on this ??
thnks
Although i cant find anyone to buy them up !!
Really you’d have to scrap it and then take it to a refinery to sell it as gold. The scrapping process is quite demanding while the benefits are quite low.
Instead of scrapping it themselves, a lot of people sell their scrap gold on ebay.
how many pounds do you have available
regards,
how many pounds do you have available
regards,
I never understood the idea of “overselling” precious metals, as if their value would proportionately decrease because of it. People seem to forget very easily that precious metals are entirely different from the other asset classes.
I liked the end of the second video where there was talk about gold and platinum buying. I’m thinking about buying some platinum. I’m hesitant to buy gold right now because the ratio of silver to gold is 54:1.
I hear ya, I think silver is the better buy. As for platinum, where I differ with David is that platinum does not suffer from the (at least) 50 to 1 paper manipulation that silver and gold do. To me, there is far more upside with the monetary metals; once the paper manipulation no longer works – or ends officially – silver and gold will be re-priced many multiples higher than their current manipulated prices. Perhaps platinum and palladium will follow, but I don’t think so.
Yeah that’s true. Plus there isn’t as much physical demand in platinum or palladium, which could in part account for its current lows.
Another outstanding guest interview and “booster shot” in the arm for those holding physical and getting the “I told you so” reprimand from those not holding physical. Thanks again.
Thanks Dave. I always enjoy speaking with David, he’s very personable and very candid.
Sean,
Another disgusting case of TSA molestation, but this time of a breast cancer patient.
http://www.techdirt.com/articles/20111003/12305416186/tsa-force-breast-cancer-patient-to-submit-to-patdown-refuse-to-let-her-show-id-card-about-implants.shtml
“I told her that I was not comfortable with having my breasts touched and that I had a card in my wallet that explains the type of expanders, serial numbers and my doctor’s information (pictured) and asked to retrieve it. This request was denied. Instead, she called over a female supervisor who told me the exam had to take place. I was again told that I could not retrieve the card and needed to submit to a physical exam in order to be cleared. She then said, “And if we don’t clear you, you don’t fly” loud enough for other passengers to hear. And they did. And they stared at the bald woman being yelled at by a TSA Supervisor.
To my further dismay, my belongings, including my computer, were completely out of sight. I had no choice but to allow an agent to touch my breasts in front of other passengers.”
just seeing this now, thanks Steve.
Why don’t people just boycott the airline industry if they don’t like the rules? I have stopped flying because of this, instead of complaining – actions speak louder than words. Just sayin.
Sure it’s oversold. I see them driving price lower in order to shake out more longs, More pain on the way. At some point in time as fiat implodes, the bull will go on a rampage. Need to hold, not fold. A waste of mental energy to worry about daily price swings. Fundamentals are set up for the brave here, this is the fight of our lives.
I’m going to hold out until silver drops below 20. It may or may not, I already have my core position in place and feel that it will put me in a strong position years down the line.
@Otai Lee, you actually need quite a bit of scrap electronics to get any worthwhile gold out of the product. It is cheaper just to dump old computer in the 3rd world than to recycle it.