FREE 3-part plan to play Silver! is.gd Speaking at the Casey Research Gold and Resource Summit, Eric Sprott told investors that there is no more silver left to go around, “There’s billion of silver available in the world, of which the ETFs already own half, and between you guys and us we probably own the other half… Which means there’s nothing left.” Click below to read more about Ed Steer’s case for silver: is.gd Casey Research Twitter: twitter.com Casey Research Facebook: www.facebook.com
Tags: Eric, Government, Lied..., more, Silver, Sprott, There
@AirelonTrading He sold some of his silver bullion to buy some silver miners.
It’s about time. I love it. – “ABC News cited an unnamed government official as its source and said it was uncertain whether the rating would drop from triple-A to AA+ or to AA. The report said the main reasons likely to be cited for a U.S. downgrade by S&P included political confusion surrounding the process of hiking the debt limit and doubt that agreement would be reached on more deficit reductions.”
Can you imagine the day when they announce that there is no more Silver available. I would be shocked. I am holding
@csperl1 Uhm …. I thought there was no more silver left …
@AirelonTrading He did not sell all of it just a small portion in order to buy silver mining stocks. So he did not rotate sectors but stayed firmly in the metals/commodities. Probably a good idea to do some research before labeling everyone else as uneducated and Eric Sprott a liar.
@AirelonTrading Alot of People knew Paper Silver was going to Correct nice when we hit the $40′s and once that word got out about possible margin hikes ahead the big players like Sprott cashed out of his paper to lock in those gains and they took advantage of the may pullback by getting more physical on the Cheap. Google Bill Cramer story about him paying years of storage fee’s only to get screwed in the end with no delivery. Sprott and others are worried to hold paper to long because of this.
@AirelonTrading I dont trust all these “gurus” but what sense would it make to hold on to your “paper contracts” if you thought were running out of physical silver and the price was going into the 3 digits? Why would you want to Risk holding the Paper version of the metal only to get screwed years later when you go to ask for delivery and they give you the “run around” like they did that one Bloke? It makes sense that you would want to dump those while you can now and buy more cheap physical.
Check out my GOT SILVER? shirts on ebay!!!
@zdrux Of course … he tells the truth whenever he speaks.
If you thought there was no more silver in the world? If Silver is going to $500?
WHY WOULD YOU EVER SELL ANY OF IT, PAPER REPRESENTATION OR OTHERWISE? Especially, ONE DAY BEFORE the exchanges raise margin requirements, and cause a run on the dollar?
HE IS LYING TO YOU TO PUMP AND DUMP HIS PORTFOLIO / BOOK and rotate out
@AirelonTrading He sold his paper shares lol, he owns more PHYSICAL silver now than ever before.
@ShimmeringTruth1138 Eric Sprott is just reporting as having sold all of his physical silver.
You guys will never learn
People like Sprott lie all the time, just to rotate sectors in their own book, because they need suckers to take the other side of their trade
@dickinson1027 k,i the mean time ill continue to build my wealth,while you get an education in something they may or may not work,and will put you further in debt.
@18wheeler76 I’m going to consider investing in nanotechnology research. Maybe in the future we can make as many diamonds and emeralds and gold as we want.
@dickinson1027 look you were right,it only went up $30 today.u idiot,no shit it may eventually go down,not if the elite who have been buying it all up and stealling citizens for hundred years,believe me if they have most if it,its going to be worth way more than now.keep holding your dollars,watch your 401k get artificially proped up,then bam crash,bam dollar crash,bam you dont have a 401k either tho,or emeralds,so y talk abou em.those wernt money for thousands of yrs and never will, be
@18wheeler76 OK so your kid is wealthier than me. What is your point? Anyway, Dickinson is an old name. One of the signers of the Constitution was named Dickinson.
Don’t you goldbugs worship the Founders or something?
I signed into Youtube using my Gmail account and it’s common to use your name in an email address.
@dickinson1027 o,then i look at your channel and it appears im correct,my kid is wealthier than you.
@dickinson1027 YOU WISH,HOW COULD IT GO DOWN IF ITS GOING TO BE USED TO BACK A CURRENCY.THE DOLLAR WILL GO TO 0,METALS NEVER WILL,YOU MUST HAVE EITHER GOT BURNED IN AN INVESTMENT OR REALLY DO HAVE A DICK IN SON,BECAUSE MY KID IS SMARTER AND PROBABLY WEALTHIER THAN YOU.
@18wheeler76 It will eventually go down in price.
@dickinson1027 i will buy it if its schiff or yours,like i said my real money continues to go up in value meaning for 1 ounce i can get 400 gallons of gas where as if i had that $1200 in the bank since last yr i can get 300 gallons,so if you have any valid point let me know.its obvious fiat its going down in flames while metals,or any other commodity or usefull item is gaing value.
If anything, buying up silver might only increase the price of electronics if they need silver in the manufacturing. I don’t know how much it would affect the price.
Plus people who have bought up TONS of precious metals (billionaires who have done this) will eventually sell it which will decrease the value (put more back into the marketplace, make it less rare).
It’s dumb.
@18wheeler76 I’m not saying cash should be everyone’s store of value – the purpose of cash is for short-term use. You take money out of the bank, or sell a valuable, and turn it into cash, which has stable buying power for the near-term (next few months).
@18wheeler76 That’s my last name, it predates using dick to mean penis . And you think the founding fathers were “hot guys”? Your insult doesn’t even make any sense
Gold isn’t especially valuable. It has limited use in electronics and other stuff. Silver is more valuable from that perspective but I don’t see why people want to own it.
Is there enough silver and gold for all the people in the world? These people like Peter Schiff just want to sell you gold. He sells gold at Euro-PAcific.
@dickinson1027 “whats so great about gold” lets see it went from $35 to $1530,hmm im not sure what great about gold “its ugly” i know your perfer hot guys on your money thats why you hold all those decreasing in value everyday dollars,i shouldve know your name is dick in son
@18wheeler76 what about Colonial Scrip or other examples of successful fiat currency? Why does it have to be GOLD?
What’s os fucking great about gold?
I always thought it was ugly.
@dickinson1027 “gold isnt worth anything the only reason it is cuz its rare”lol paper money is super valuable because there is so much and is an infinite amout to be printed.dumb