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WALL STREET KNOWS: SILVER IS EXCEEDINGLY RARE ‘STRATEGIC METAL’ — Keith Neumeyer

by SGT, SGT Report.com:

Silver is one of the top performing global assets of 2016. The fact that silver is now leading gold higher is a very significant technical development which suggest far higher prices. But even as silver is vaulting to new two year highs, the precious metals stocks are attracting huge Wall Street money. Is it too late for silver bulls to participate in this new bull phase of precious metal mining stocks, or is this just the beginning of a new multi-year cycle that will create fortunes for those who are correctly invested? Keith Neumeyer, CEO of First Majestic Mining and Chairman of First Mining Finance returns to SGT report to discuss the latest.

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75 comments to WALL STREET KNOWS: SILVER IS EXCEEDINGLY RARE ‘STRATEGIC METAL’ — Keith Neumeyer

  • Eric

    20 million ounces of Silver this year. NICE! Keith is the man. First Majestic hit $16 on Friday!

    All I can say is that for me, the way to owning any and all of the mining shares has been to manage your risk/reward ratio!!! Manage your OWN money. Don’t let some broker manage your money. That’s why they’re broke. They need you. You don’t need them.

    Think in terms of ratios, percentages, and grams/ounces. NOT fiat currency terms like $$$$. This is KEY!

    Don’t risk too much. Don’t own more than you can and still be comfortable. Always have cash. Have a comfortable core physical metal position and take a little risk in stocks. But nothing that is going to ruin you.

    Always have some cash and DON’T be afraid to take a loss when things are going down! You gotta watch it closely and move quickly when the status quo changes. Losses suck so don’t buy junk. Buy quality. Be willing to buy more if it goes much lower, and be itching to take profits when you’re up big.

    Always worry about the downside. The upside takes care of itself. Especially with quality companies like First Majestic and First Mining Finance.

    Full Disclose: I am not a financial advisor.

  • glitter 1

    Here’s an e-mail I sent to a friend on Tuesday July 5th relative to some Silver stocks:

    On Jul 5, 2016, at 4:00 PM, aol.com wrote:

    This is a chart for Silver Corp(SVMLFf) today up $.44 / 19% from close on Friday:

    http://www.marketwatch.com/investing/stock/SVMLF/charts?symb=SVMLF&countrycode=US&time=7&startdate=1%2F4%2F1999&enddate=7%2F5%2F2016&freq=1&compidx=none&compind=none&comptemptext=Enter+Symbol%28s%29&comp=none&uf=8&ma=1&maval=9&lf=1&lf2=4&lf3=512&type=2&size=2&style=1013

    In a message dated 7/2/2016 4:10:14 P.M. Eastern Daylight Time, aol.com writes:
    http://dailyreckoning.com/comes-20-silver/

    SLW was at $10.50 on January 15 2016,it closed Friday at $24.78

    CDE was at $1.62 on January 15,it closed Friday at $11.26.

    Paas was at $5.38 on January 15,it closed Friday at $17.40.

    SSRI was at $3.66 on January 15,it closed Friday at $13.58.

    SVM was at $.41 on January 15,it closed Friday at $2.27.It was delisted from NYSE in 2015 because it fell below $1.00.It trades in Toronto as svmlf.I’m sure it will come back to the NYSE.I’m sure they are waiting till it gains a bit more strength.The chart(reverse head & shoulders pattern) tells me it ready to jump and double into the summer.This was a $16 stock in 2011.With silver headed to three figures it a latent 10 bagger.

    http://www.marketwatch.com/investing/stock/svmlf/charts?symb=SVMLF&countrycode=US&time=13&startdate=1%2F4%2F1999&enddate=7%2F2%2F2016&freq=1&compidx=none&compind=none&comptemptext=Enter+Symbol%28s%29&comp=none&uf=8&ma=1&maval=9&lf=1&lf2=4&lf3=512&type=2&size=2&style=1013

    SLW peaked at ~ $45.00 in 2011,it’s easily going to double that and more.

    The closing prices of all these stocks on Friday July 8th are considerably higher and show signs of entering another up channel.SVMLF is up over 500% in six months.I know it’s 500% in FRN’s,but until they are replaced they can still be used to purchase goods and services.

    Here is a chart of holdings for the Silver ETF (SIL)with ytd values as of 07/08:

    http://www.marketwatch.com/investing/Fund/SIL/holdings

    “In the end the only thing left standing will be Gold,Silver and related items” – Bob Chapman

    BTW silver is up to $20.67,+.39,1.92% so far tonight.It’s over that $20.50oz/50wma threshold that Andy Hoffman said to look for as the real breakout point.

    • Eric

      $20.67/oz. of Silver

      Didn’t that use to be the price of 1 oz. of Gold back in the day before the Federal Reserve came along?

      • Ed_B

        Good catch, Eric. That was exactly the price of gold when FDR called in the gold via EO #6102 and then raised the gold price (really cut the dollar price) to $35 an oz. This was a 2/3 devaluation of the US dollar but the history books NEVER describe it as such. But the fact remains: before FDR’s actions, one could buy an oz. of gold with less than $21 in US currency and after FDR it took $35 in US currency to buy that SAME oz. of gold. The oz. of gold did not change one bit but the number of dollars it took to buy it sure did. If that isn’t US dollar devaluation, just what is it?

        Those Americans who kept their gold in spite of US Gov threats, did not lose any of their buying power but those who listened to the US Gov and turned in their gold for paper money sure did… over 68% of it in fact. This is an extremely valuable lessons for ALL Americans for decades to come: when the US Gov demands our gold, don’t give it to them! They are simply trying to cheat us out of our wealth and they are using threats of jail time and fines to force us to do something stupid. At that point, IMO, the only stupid thing we can do is listen to them and obey their idiotic rules.

  • JC

    Sean,

    Don’t beat yourself up – I was introduced to Keith through your interview and I did invest at $6/share. I have also invested in First Mining Finance and have done well there as well. I thank Keith and his management team for building two great companies. I believe First Majestic will be trading in triple digits in future years. For that reason, you might look at their options as well as a way to gamble less and make a killing.

    Thank you for interviewing these mining companies – I have researched many and invested in a handful. The tide has turned and I think letting some of your NW ride here is fine. I think we’ll be shocked how crazy this gets.

  • videoctr

    Keith: “Every dollar move in the silver price, adds 20 million dollars in our revenue line.” That was one of the many memorable comments from Keith that surely hit my greed button.

    Also the point about how rare silver is, the annual demand for silver out paces the available supply. That is, eight hundred million ounces of silver is mined by the entire industry vs. 1.1 billion ounces in demand. That alone, is reason why silver should be going up in price.

    At some point the rigged system will fold, we will see who is holding pocket aces an who is bluffing.

    • Ed_B

      “At some point the rigged system will fold, we will see who is holding pocket aces an who is bluffing.”

      Yep. Or, as Warren Buffett once said, “We don’t know who’s swimming naked until the tide goes out”. 😉

  • Eric

    Daniel from Future Money Trends is saying he is selling half his Gold to buy First Mining Finance. A ballsy move to be sure but I bet he is going to be very happy with his returns assuming the dollar paradigm survives. I’m not quite willing to do such a thing but I am tempted to buy more First Mining Finance even after the big boost up today.

    • videoctr

      Do I have these facts correct?
      First Majestic Mining Finance, FFMGF, uses shares instead of cash to finance the acquisitions.
      There are 368.45M shares outstanding of FFMGF.
      If they do more acquisitions with shares to settle the acquisition instead of cash, the share count goes up more.
      My expectation is, the CEO has the capability to reverse split shares in order to reduce share count, then the cycle repeats, more acquisitions and share dilution.
      There is no income from mining operations from any acquisitions at this time.
      I think I heard Keith say they have 15 million ounces in the ground?
      Over time as gold and silver go up in value, the mines become attractive to partners to develop the mines and start producing.
      Onces in the ground x spot price, is the hook for investors currently. Waiting for production to commence and market spot price rise.

      Disclosure, I am not a basher of FFMGF. I have shares of FFMGF and AG. I think this stock could rise based solely on spot commodity price rises, followed by additional price appreciation once mining commences. Which could be a few years away. I think though a reverse split will happen and a move to a larger exchange when things move toward production.

      Is this assessment correct? Correct me if I am wrong. I am not a broker, just a bloke looking for an edge, some bit of good luck my way.

      • videoctr

        Oops, please delete this post. Duplicate

      • Eric

        videoctr… sounds about right but I want to fact check your points so I’ll try to do that soon and get back to you.

        I didn’t realize it was up to 15 million ounces in the ground. That’s terrific!

        The entire point is to create shareholder value which as a holder of First Majestic, I can attest to the fact that Keith definitely knows how to do this. He’s buying up quality assets on the cheap.

        FFMGF is my top digital/paper holding.

    • videoctr

      Do I have these facts correct?
      First Mining Finance, FFMGF, uses shares instead of cash to finance the acquisitions.
      There are 368.45M shares outstanding of FFMGF.
      If they do more acquisitions with shares to settle the acquisition instead of cash, the share count goes up more.
      My expectation is, the CEO has the capability to reverse split shares in order to reduce share count, then the cycle repeats, more acquisitions and share dilution.
      There is no income from mining operations from any acquisitions at this time.
      I think I heard Keith say they have 15 million ounces in the ground?
      Over time as gold and silver go up in value, the mines become attractive to partners to develop the mines and start producing.
      Onces in the ground x spot price, is the hook for investors currently. Waiting for production to commence and market spot price rise.

      Disclosure, I have shares of FFMGF and AG. I think this stock could rise based solely on spot commodity price rises, followed by additional price appreciation once mining commences. Which could be a few years away. I think though a reverse split will happen and a move to a larger exchange when things move toward production.

      Is this assessment correct? Correct me if I am wrong. I am not a broker, just a bloke looking for an edge, some bit of good luck my way.

  • fonestar

    Nobody is going to be paying attention to gold/silver during the collapse. All eyes are going to be on Bitcoin as it’s launched into the stratosphere!

    Don’t be a mentally retarded midget, buy your Bitcoins today!

    https://localbitcoins.com

    • Eric

      Bitcoin has had 8 years. Most people still have never heard of it or have any interest in it.

      There’s nothing special about bitcoin with 740 other “cryptocurrencies” to choose from. Or create your own! Bitcoin is not worth anything.

      Gold and Silver are far more undervalued and have intrinsic value in and of themselves.

  • mike

    I have some issues as to rarity of silver. A PRIMARY miner saying the all in cost is 10$ an oz? As will any business I am sure even they could get $10 an oz cut down to $1. I knew the $19 to 25/oz silver was absolute BS because the numbers did not make a lick of sense..I sounded the alarm and was instantly greeted by the vigilant disciple of Duane, Eric and his genius? I know you want to remain friends with these guys but someone needs to ask them some tough questions for a change. And yes the mining ratio does not have to be 9 to 1. That is simply what the market demands. Miners are not going to over produce only to have a stockpile and bring down the price. Its a business like all businesses that produce a product. Stockpile = low prices. Better to do less work for more money.
    If we have been in silver deficit for years and there is no above ground supply then how is silver at $20…Paper manipulation would not be able to cover it up because there would be ZERO physical for people who want or need it. The deficits must be made up by mines probably selling out the backdoor or there would have been true shortages years ago if deficits even exist.. We know now the US has 20% more oil reserves than Saudi Arabia now because of a true independent audit. I think the same company needs to do an audit world wide of mines..Something is seriously off when it come to the numbers and the only way anyone will ever know the truth is a full independent audit not gubberment numbers some here take as the word of God. Maybe Neumeyer will kick some of his profits towards a real audit? 20 million oz a year is insignificance compared to other miners and I am sure even Neumeyer would like to know the true deal. He is looking at the same bunk numbers everyone else is who have been totally wrong including Sprott.

    • Eric

      The all in sustaining cash costs for one silver mining company do not increase the overall supply or decrease the demand for the physical metal itself. It simply creates a higher profit margin.

      Let me know when you get a tough question you want to ask and I will do my best to answer it for you.

      • KRELL427

        Eric,what we have here is Cool hand Mike has a failure to communicate. You know the rest. Sean should be interviewing Mike so he can teach the bankers and mining industry how the world revolves around something in cyberspace.

        • Eric

          lol! Krell, a little canary in a gold mine told me that would be a very frustrating interview for Sean. It’s difficult communicating with someone that can’t create proper sentence structure and doesn’t speak the same language as you do.

          Trying to decide if I should store a few grams of Gold in London or NY via BitGold. I’ve been spreading my holdings out a bit more. It’s interesting that currently Gold can’t be transferred to another vault from the Dubai Vault. But with the tallest building in the world, the burj khalifa, why would anyone need to? This scene never gets old.

        • Eric

          I often wonder where mike is from. He seems like an iowa farm boy that got introduced to technology via bitcoin while I’m sitting here wondering how much Gold, Silver, aluminum, and neodymium magnets I can salvage from the boxes full of old hard drives I have sitting around.

      • mike

        Eric your missing the point…Money has everything to do with it. Would Neumeyer take all his profits and buy more machines and people to increase production? Under your line of thought there can only be a 9 to 1 ratio mined? That is not correct price has everything to do with it. Your under the false impression mining is at maximum capacity world wide? There are massive silver reserves that are not touched now? Why? Maybe if the price sustains at a higher level that would indicate more real demand. But if this is just a flash in the pan Neumeyer is not going to increase production only to work harder for less MONEY…That would be bad business. He was all about the MONEY and did not refer to Silver as money only a product. There is no intrinsic value that is a myth. If there was intrinsic value silver would be worth a fortune even if it was more common than iron. My point had nothing to do with this miner just the rarity of silver. It is not rare and the gubberment numbers do not add up and have been proven through another industry, oil to be totally false. I am just surprised you do not care as to the truth of your honest money that doesn’t spend. I am srprised how with massive deficites the best you can come up with is CIA conspiracies.I just want the truth not people extrapolating crazy supply numbers based on bunk numbers. Dont you think it would be nice to have a real audit of the mining industry?

        • KRELL427

          Mike oil is abiotic,silver is a depleting element.The two are not comparable.

          • mike

            Jesus Krell you truly are a moron…Please dont give me a Duanne or some others stupid hypothesis link where he explains why oil is abiotic/ ..Houston to Krell your cleared to land on planet earth.

            • Eric

              An emotional reaction. Not an argument. Not logical.

              • mike

                You too Eric, cleared to land on runway 49er

                • There are no runways after 36. They are aligned with magnetic bearings 1 thru 360 degrees, rounded to the 10th. A runway with magnetic bearing 141 would be called Runway 14, landing SE. From the other direction, landing NW it would be called Runway 32. Parallel Runways add a designator R or L.

              • KRELL427

                I think Mike’s brain flat lined, also sorry mike I will not be putting brackets around your name anymore to bother you,I have been set straight by (((((Jacobson))))) that I have been insulting the Jew’s by doing so.

                • Eric

                  Yeah and there’s no reason to ever do that.

                  You can’t flatline what doesn’t beat in the first place.

                • mike

                  Are you calling me a Jew? That really is not much of an insult, more of a compliment coming from you. I hate to break it to you, I’m not Jewish. I believe the Jews have the highest IQs so I accept your attempt at an insult and thank you..I know it was hard for you to tell me directly you believe I am much more intelligent than you…You are correct in that regard.

                • Eric

                  The Jews are clever parasites. But they are not more intelligent than white Europeans in general.

                  Nor are you.

                • mike

                  You need to let go the conspiracy Eric and come back to Earth..Well according to all IQ testing data the Jews are smarter than everyone. The northeastern Asians, Koreans and Japanese (Not Chinese) come in second. Third is the Europeans then everyone else. There is a valid argument you cant completely measure intelligence solely by an IQ test. As far as the IQ test go the Jews hit it out of the ball park.
                  Krell called me a Jew??..I am not Jewish so the only assumption I am left with is he feels threatened and inferior to my superior intelligence. Why he would call me a Jew makes no sense at all? What does bringing up obvious PM supply manipulation on the part of miners have to do with being Jewish? I am simply seeking the real truth and attempting to show the silver story is 100% wrong and supply arguments are baseless. Both you and Krell are retarded for not even attempting to seek the truth and ignoring anything that counters your idiotic understanding of markets, supply, demand and especially business. You have this idea mines are not a business but mythical heroes that only mine to get the honest money out of the ground only at a rate that can not exceed a 9 to 1 ratio ever? The reality is miners could push that ratio to whatever they want or what market demand. They are a business and will not over produce. There are basically unlimited proven reserves, the mining ratio is determined by the market not because we are at max world wide mining capacity?? Wake up man.

                • Eric

                  It’s not a conspiracy that your brain never functioned in the first place mike. Or which one were you referring to?

                  And where is your evidence that jews are smarter than everyone else? They are crafty and deceptive and parasitic. But they are not smarter. They think it is okay to deceive others by lying. Does this make them smart?

                  So you are saying the mining companies are going to start producing an extra 200 million ounces soon while demand stays constant?

                  Get your head out of the GOD DAMN CLOUDS!

                  My “idiotic understanding of markets, supply, demand and business” has and continues to serve my wallet very very well. I think I will go withdraw some federal reserve notes from the ATM and ask someone if they have ever heard of bitcoin. ha ha.

                • mike

                  Trump has money but is a 100% idiotic moron..No one can deny that…You are a moron and if you indeed do have money then your what is known as an idiot savant…You know like a blind retard that can play a piano or something..Doesn’t change the fact your a genetically deficient retard ah hahahaha. If you require confirmation as to the Jews being much smarter than you simply look up world wide IQ scores..I understand now why you deny truth..It hurts your tiny brain to even entertain the idea you are 100% wrong about most things in life.

                • Moishe

                  Jews higher IQ’s…LMAO..

                  Jews have by far more genetic diseases than any people on earth, including mental illness. They give themselves awards such as the Nobel, Oscars, Rhodes scholarship & doctorates,etc, they do this because these devilish SOB’s control Media, Hollywood & Academia. They gave themselves a ((Genius)) fraud named Einstein, They invented the pseudo-science of psychiatry due to being the most neurotic people on earth. They have never built anything they steal it. They have always been a scourge upon humanity.

                • Eric

                  Mike, please provide evidence of your accusations. You’ll have more credibility or at least some that way.

                  Actually Trump is far more intelligent than you realize. And he knows exactly what he’s doing.

                  Let’s see you beat 16 other candidates, build a 10 billion dollar company, marry a beautiful wife, etc.

                  Put your money where your mouth is.

                  You flap your gums a lot but you don’t back anything up.

                • mike

                  It is what it is Moishe..I didnt make it up look for yourself. They are generally the smartest people on earth. As far as disease that is meaningless. Humans are one thing and that is the mind. Animals were born with teeth and claws as their natural weapons and humans were given a mind as our weapon. Our weapon has enable humans to master all life and environments on this planet even space. Physical strength means nothing as far as humans are concerned. If it did matter humans would be able to walk minutes after birth like an animal. It takes a very long time for humans to become self sufficient because it takes most humans unlike you or Eric/Krell time for the brain to develop properly. As far as Jews stealing anything they are just smarter obviously if they truly never built anything lol. The smarter someone is the better as far as humans go, human nature. Work smarter not harder. So for whatever reason you willfully blind weirdos are calling me a Jew I don’t take that as an insult..It is indeed a compliment. You fear my knowledge/understanding and equate it with the powerful Jew mind, fear not and follow..You guys are really good at unquestioning obedience to whoever you perceive as your masters, today that is the PM story and its disciples. Look at Chris Dunne..To me he looks, talks exactly like a stereotypical Jew..He is also a car salesman from a family of liars. So he may not be a practicing Jew but he is most definitely a Jew descendant no doubt about it in my mind and you guys treat him like a superstar…Do you see how smart the Jews are now? Jews have you Nazis marching around parroting everything they tell you and then you support them by purchasing their product? …Wow, you need better Nazi leadership.. 卐 Das Fuhrer Eric 卐 needs to step down.

                • Eric

                  Mike there is a new crypto currency you may want.

                  It’s called povertycoin. It should serve you well.

                  Moshe is right. Jews steal. Not produce. Most of them are inbred and suffer mental illness.

                  Probably why we all think you’re part of the tribe. You have the symptoms. You like to argue and make things up as you go.

                • mike

                  Eric I am attempting to find real answers to circumvent banks and gubberments. I do not think Gubberments have any business in determining what is money. They simply can not be trusted EVER..I am sure you will agree with me on that point. PMs might be good but they do not serve the function of money currently and do not threaten the power structure at all no matter their price. BTC does and for right now is the working alternative to banks and gubbberment control. The CIA has nothing to do with BTC. They may hold some from criminal cases but they can not produce them or manipulate the market with them only purchase stuff like the rest of us. BTC is one for one. Gold standard or not the gubberment can manipulate it because the hold ,own and print the money and keep your vampire Jews in power forever. You must outsmart in order to gain control over your own life. I know you know that. Will BTC last forever? Dont know things change. I do know now they are a functioning alternative to the evil dollar paradigm.

                • Eric

                  Money is a store of value. Gold and Silver

                  BTC is not called crypto money. It’s called crypto currency.

                • Eric

                  As in current of the sea. Admiralty law vs. common law, the law of the land.

              • fonestar

                Why does Eric think every comment is an “argument”? I think the “intrinsic value” mantra being repeated over, and over, and over, and over again leads to some type of brain damage.

        • Eric

          mike, under your lack of thinking, there is a supply/demand issue regarding Silver.

          There isn’t. There is a pricing issue.

          Higher prices create less demand, not more. Even Henry Hazlitt “Economics in One Lesson” should have taught you that.

          Do you even know what intrinsic value is?

          I saw a special needs school the other day. You should apply.

          • mike

            How do you know that..What numbers are you using to come to that conclusion? Your right price is an issue. If there are sustained higher price more silver will be mined..Thank you for making my point.

            • Eric

              I haven’t looked at the numbers for the special needs school, but if you are really interested I’ll look into it for you.

              Keep in mind, even with supply gradually increasing, a lack of confidence and trust in the markets could cause the bottom to fall out of the dollar and demand to overwhelm supply in a panic rush out of the financial system.

              I know that when or if that happens, I wouldn’t want to be dependent or concerned about any kind of digital matrix functioning properly to access my wealth.

        • fonestar

          Don’t waste your time Mike, these people are idiots. And they’re proud of being idiots too.

          Payment systems are just like any other technology out there. Over time, they need to become easier, cheaper, more robust and faster. It’s why fiat replaced gold & silver, it’s why digital fiat replaced paper fiat and it’s why Bitcoin will replace digital fiat.

          • Eric

            Calling someone an idiot is not a valid argument.

            Payment systems are not the same thing as wealth creation. Transferring wealth is much easier than producing or creating it.

            • fonestar

              Gold & Silver were both wealth and a payment system over 100 years ago. That was before we had cheap, readily available electricity.

              “Money” in the modern sense must be a store of value but also needs to be global, interference-proof and near-instantaneous. Something physical gold & silver cannot do.

              • Eric

                So you are saying Gold and Silver are not accepted for value throughout the world?

                Are you saying Gold and Silver locked up and vaulted can be tampered with?

                Or are you saying I cannot send payments via BitGold using the pre-paid mastercard or Gold Transfers?

                If someone can create 6 million (interesting number especially when you consider that Tel Aviv is the cryptocurrency hub of the world), of anything out of thin air, logic would dictate that it is not a store of value.

            • Not to mention the cost of producing or creating it.

          • mike

            I just can believe they believe SRS Rocco for instance. Rocco was Praised for his “Great Work” that said a primary miner was spending 19-25/oz to produce silver. Mines were paying people to take physical silver off their hands? Rocco’s genius EROI was could not possibly be wrong? Rocco had it down to a science lol. Then these guys quote gubberment numbers and spacemen like Chris Duane? 2020 no more silver, all gone.
            Not making fun of them that is the problem. I am not trying to burn them..I am just trying to get them to think without be handed a bunch of conspiracy garbage…I for one as a PM investor want the true story..Too many holes in the current silver story. If the Chinese have been buying world gold mining supply for years now according to Eric..Eric himself points out Chinese have 30k tons and he will provide links to another spaceman that will confirm it with zero proof. Not to mention the entire world purchasing gold and no supply issues?? You have the Indians now taking massive deliveries of silver and the Chinese munching it up and Americans as the largest investors of physical silver? All while we have been in production deficit and not one real physical shortage EVER??..I just want them to ponder one simple question..Thats it..Where in the name of god is it coming from really? The gubberment mining numbers or silver institute numbers do not add up//Surely even these morons can see that? I just want to know the truth dammit! A conversation might point us all in the right direction.

            • Eric

              mike, Silver is trading at 1979 price levels.

              Do you know of any other asset or commodity that you can buy at 1979 price levels?

              Buy low, sell high. That’s all you really need to know.

              Not one real physical shortage EVER? Did you miss the boat when premiums were increasing rapidly a couple years ago?

              You question government numbers but fail to see this isn’t about Gold or Silver. It’s about the US Dollar.

              If you want to know truth, you must seek knowledge and wisdom first.

              • KRELL427

                Eric,silver is breaking out of its cup and handle formation while Bitcoin is clearly stuck in its dung and shovel pattern http://kingworldnews.com/james-turk-the-price-of-silver-may-finally-explode-to-the-upside/

                • fonestar

                  Hey dumb fuck… BTC has doubled in the past year moron. Silver is only up 20%.

                • Eric

                  Krell, by my calculation BTC is in a bubble and is way way way overvalued. It should be trading closer to the $4-$5/BTC range.

              • mike

                How much easier is it to mine Silver today as oppose to 35 years ago? I know retail fuel is cheaper now to produce than any point in history thanks to innovation in the oil industry just in the last 20 years. Your telling me there has been no innovation in the mining industry? They would be the only industry on earth not to benefit from innovation. Rarity would hinge on how difficult it is to obtain not historically how difficult it was. Today nothing is difficult to obtain thanks to innovation.
                The shortage you experienced was not a physical silver shortage..It was a fabrication hickup in your favorite coin..Just bad market anticipation by fabricators.. You could have purchased as much raw silver as you could afford.
                Your the one that needs to seek the truth instead of ignoring some serious inconsistencies.

                • Eric

                  It’s even easier to produce your own un-backed unregulated all digital currency thanks to technology and innovation. That doesn’t mean it has value.

                  Who needs bitcoin?

            • fonestar

              Mike, I’m inclined to believe that there is massive fraud involved in both gold and silver. How much? We just don’t know… too many of the major players in this game are totally dark. I don’t trust the miners, the COMEX or the government on this.

              • KRELL427

                I agree with you on that statement Fonestar.

              • Eric

                But you trust an unbacked, unregulated all digital currency created out of thin air by some anonymous supposed japanese guy whose name just coincidentally happens to translate into “CENTRAL INTELLIGENCE?”

                Good luck with that.

                There is no fraud involved with Gold and Silver. There is fraud involved in the world that surrounds Gold and Silver.

              • mike

                I think the PMs will be good as well, I am just sick of hearing the same old BS that simply can not be true in regards to supply. I also think there are other forces at work here that no one is addressing. I am laying out what I think so if a normal human replies to me maybe they have similar thoughts or an idea of what might really be going on. I am truly trying to figure it out without static from people like Rocco or the space cadet Chris Duane and others. I dont have the answers but I figure if point the glaring inconsistencies especially supply out a normal person they would not ignore it.. I might get some good feedback. We might get on the road to real world answers…Maybe the CIA or Aliens really have nothing to do with it?

              • mike

                Eric ..I said your cleared to land come on down buddy. Nice work on the link..That is a trusted article written by trusted individuals ? If your in trouble key the mic, we can send up a pilot to escort you down?

  • Millicent

    Eric has been shining his shoes for years with a brown substance… he still hasn’t figured out why they stink.

  • Au & Ag have not changed. The rubber ruler you are measuring with has changed.

    In 1964 I could buy 2.5 stamps that could be used to mail one ounce correspondence with a dime. The same 1964 dime will now buy 2.5 stamps to mail one ounce correspondence. What has changed? Hint – the rubber ruler.

  • Lance

    SGT, buddy, do not apologize please! I bought FM in 2009, doubled my money and put it into physical, from FM, beauty coins and I love the half ounce rounds. Your site is not really about investing in anything other then phy so keep it that way. So again, lead people to things but do not apologize EVER. I’ve learned more from you almost then I did from the late Bob Chapman. You do a great service to the world. Stock picks are not something anyone should suggest to anyone no matter how good they seem. Each and everyone of us has to do our own due diligence and it’s best that we all do that. Lead us to the water but don’t apologize for not making us drink. Cheers mate!

    • Ed_B

      “Each and everyone of us has to do our own due diligence and it’s best that we all do that.”

      Agreed. Unfortunately, the PM arena is awash in people who refuse to do their own DD, follow someone who tells them what to do, and then bitches ever after about how awful that person and their recommendations are. Such is life for those who refuse to THINK for themselves.

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