John Kaiser says it is possible we see a substantial correction on the upside for gold
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Finally,
Back into the garbage can? Still is in the garbage can and will be until we reset and start over – hence, gold and silver.
Enjoyable interview. I like the thinking.
Right now I’m reading James Davies book ‘Cracked’ subtitled: ‘Why Psychiatry is doing more harm than good’. A persuasive read in which he asks how come there are a thousand times more psychiatric disorders today than say at the turn of the twentieth century? Or, put another way there are 1 in 4 of both in the US and UK’s populations who will suffer from a mental disorder in any given year, when not so long ago it might have been 1 in 100?
On hearing John Kaiser speak in contrast to Nick Barisheff (previous segment)speaking of $10k gold, we might do well to introduce another mental affliction. Why not call it Economic expert dissonance trauma? Sounds even better if we refer to it as EEDT.
Can anyone out there prescribe some suitable medication. I think I’m going under!
EEDT! Rev., that is classic….and true..i.e. Dent, Roubini versus Sinclair, Turk, Sprott, etc. Ill take my chances with the latter, thank you very much.
Marc, you left out Bob Prechter. I think it was in 2001 that said gold would go to $100(?) before it goes to $300. He’s been a bear ever since –and beary, beary wrong!
Prechter…..have not heard that name for awhile…………..maybe, he is waiting for the next cycle to begin………….
Good red wine Reverend. And, you don’t need approval from a doctor!
Big Al
The Chinese have America’s industry most goods here are not made at home just look around your home.
Now think about the base metal and precious metal needs, North Americans and Europeans don’t see the investment value in gold and silver they think plastic credit cards and money printing is the answer.
Without the industry there isn’t the need for base metals that too has been taken over by the Asians.
What we have left here are bagholders that are at the bottom end of the economic chain. DT
Bag holders at the bottom of the economic chain?
I could take that a number of ways, Machine Gun. How do you mean it?
Big Al
There is an old saying that bullsh$t baffles brains, after Bretton Woods was signed The US benefitted enormously financially and materially from the rest of the World so much so that it caused hardship for many people in other countries that were propping up The US lifestyle but allowing North Americans to enjoy an artificially high standard of living.
Eventually we came to believe that we didn’t need to keep our industry , others could manufacture goods for our market and we would print the money to pay for it after all most of these companies had been ours and we would benefit from their largesse.
Now the bagholder comes into play because we weren’t doing ourselves a favor we were destroying our future but in doing so the con that we had negotiated at Bretton Woods had come full circle we had fallen for our own con. Never underestimate an adversary especially one who has been at the top of the food chain for many centuries.
Now all that is left is the dupe who holds an empty bag that will soon be there for all to see, another way to put it is what goes around comes around.
The Chinese have 1.3 trillion in US to dispose of and because our society doesn’t value precious metal and base metals are for industry they can pick up our remaining assets for pennies on the dollar and we can’t stop them because the bags we are holding are morally and financially empty. DT
Thanks Machine Gun!
Big Al
I would have to say…..nice summary………..ootb
Cory and JK
All I hear IS INSURANCE. I get it. But, it is much, MUCH more than that…IT IS MONEY. Hey, I respect the so-called experts like JK…BUT GOLD IS MONEY…ALL OF MY reserves are in exactly the form I want and that is……GOLD. Silver, BTW, is strictly INVESTMENT. It is the PERFECT hybrid metal whose time is close AT HANDby rocketing to a price discovery that will SHOCK most people. AND NO – I am NOT Eric Sprott’s nephew – I WISH!. :).