Wall Street Silver, Released on 1/21/23
Rick Rule returns to the show, and this time we dive into how countries are starting to look for other currencies to use for their trades, and Gold stands to be a huge beneficiary. Furthermore, we talk about Iran and Russia, which are looking to issue a new stablecoin backed by Gold. As for Silver, it seems like it has bottomed, and Rick explains how the moves in the silver equities can be life-changing. Be sure to watch the full video to understand better the current state of the petrodollar and the potential impact on Gold and Silver.
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, forestry and water industries. He is also the founder of Rule Investment Media.
Rick Rule: Has Silver Bottomed Or Are We Going Lower? added by Herman James on
View all posts by Herman James →
Today silver went below $23 per ounce. For those of us who truly need to convert some silver to cash (for medical bills, family needs, etc), this is a never-ending train wreck of an investment.
These silver “gurus” never stop putting out the idea that silver is near a “bottom” and will rise exponentially sometime soon. This line of BS has gone on for more than a decade now. I get especially frustrated by the “experts” who want to use charts/technical analysis to make such predictions — technical analysis is an exercise in futility in RIGGED markets, especially the silver “market”.
I have gotten disillusioned with the former “Reluctant Prepper” Kaiser family, who have transitioned into “Silver Pumpers”. I suppose they have become true believers in silver; all the arguments put forth about the value and scarcity of silver are entirely rational — except that they all overlook the fact that they ignore the ability of a security state to impose price suppression by the use of unlimited amounts of digital fiat currency and impunity to criminal prosecution (lawlessness).
A fascist state can hold silver prices to levels that will ultimately impoverish any poor ordinary fool who decides to take the silver pumpers advice and heavily invest in silver. Don’t count on any investment to save you in the face of unlimited tyranny.
As far as I’m concerned, any individuals who make their investment decisions based upon charts are fools. The whole thing is B.S. May as well try reading tea leaves.
And the characters here who are constantly promoting gold or silver while being precious metals dealers should be ashamed of themselves! I make it a point to avoid their videos and their bullshit recommendations like the plague since you already know what they are going to say.
So, what do these Precious Metals “Guru’s” all have in common? They sell PM’s for fiat as their livelyhood; Buyer beware. That said, I do not see a way out for fiat. Just an acceleration of debasement due to the debt. No real guru would ever tell you to hold all your wealth in one asset and you should always be prepared to loose money on investments.