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Old 12-26-2012, 02:15 PM   #1
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Silly Season for Silver ($136,000 / oz)?

Actually, this would better titled "Bix Weir Silly Season"...

I know that quite a few (most? all?) here at pmbug.com have their doubts or more re FOFOA's $55,000 call for gold after the "reset". I have awlays been sympathetic to extremists (non-violent ones), but this is a step too far:

http://www.24hgold.com/english/news-...butor=Bix+Weir

I look forward to comments on Mr. Weir's prediction... Please discuss...





(Not that I am unsympathetic to silver, I own more physical ounces of silver than ounces of gold, but the $-value of my gold is far higher.)
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Old 12-26-2012, 03:02 PM   #2
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Well, that was.......interesting. I suppose that if silver ever does get that high, our currency will have been in a state of complete collapse.
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Old 12-26-2012, 06:04 PM   #3
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I caught that a few days ago. I signed up for Bix Weirs free newsletter a while back and get one or two emails each day. I hope silver goes way up, but he is building quite a history of being wrong. (in my mind anyway). Every few days for several months, I got dire warnings from the Road to Roota imploring me to subscribe to their newsletter and warning of imminent collapse, and the warnings got more and more shrill (we're finally at the end of the road, hope you've chosen the right path, etc.) then all of a sudden, nothing.
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Old 12-26-2012, 11:24 PM   #4
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I saw the name "Bix Weir" and just saved myself the time of clicking on the link.

He is so far out on his prognostications that he gives a bad rap on anyone who is serious about PM's.
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Old 12-27-2012, 04:00 AM   #5
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Originally Posted by ancona View Post:
Well, that was.......interesting. I suppose that if silver ever does get that high, our currency will have been in a state of complete collapse.
Numbers like that are really meaningless. Should silver get that high, you will know that the money buying it is worthless. The real value of hard assets never changes over the long run. Measuring their value with a rubber yardstick is really an exercise in futility.
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Old 12-27-2012, 08:03 AM   #6
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I clicked the link and didn't understand his point #1. He thinks the CFTC or some other government agency is going to force JPM et. al. to completely eliminate their short position? With untenable assumptions like that, you can derive any conclusion you want.
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