Silver Price Forecast: Silver Could Hit $1,000 Per Ounce, Insider Say

“I’ve been quoted many times saying I expect to see triple digit silver, and that’s assuming gold doesn’t move. If gold goes to $10,000, then silver will be some ridiculous number… could even be $1,000 silver.” Silver Price Forecast: Silver Could Hit $1,000 Per Ounce, Insider Says

I wish I had a nickel for every one of these bogus claims being made about gold or silver over the years. This shit just never dies. It’s like an old piece of gum stuck to the bottom of your shoe and you can’t get it off, but if you walk around enough, sure as hell you’re going to get some of this crap stuck to your shoe. Are these people nuts, or what?

This article was posted about 13 hours ago. There are now thousands of these kinds of claims routinely trotted out to convince ‘investors’ that the next big hit is about to happen. And they are always, consistently 100% wrong. These guys, Northwest Territorial Mint filed for bankruptcy recently.

I’ve not updated this article of mine, no real need to do so, but here’s a few real facts about these ‘investments’: The Fallacy of Gold – Some Truths About Gold

goldpile

The future doesn’t look good – by any measure or metric. Silver and gold are not what anybody needs since it’s near-useless as a practical vehicle of alleged ‘value’. Here’s a current news item: Venezuela is having a very tough time feeding its population right now, most products are simply unavailable at any price. No food, no toilet paper, no medicine. The country is now liquidating a portion of its gold holdings.

Give this a few moments of thought. Irregardless of why this is unfolding in one of the richest oil nations on the planet, it reveals a basic fundamental truth of modern society:

What matters in this life as far as your survival is concerned is the ability to buy the things you need when you need them.

The ridiculous conversion of cash into gold, then the wait…. wait… wait, ah, shit, gotta sell this crap…. then back into money, then try to go and buy what you may urgently need is expensive, slow and fraught with dozens and dozens of problems (see the Fallacy article above for full details – no need to redo them all here again).

The future world unfolding is going to be very, very harsh and difficult. Precious metals don’t even figure into this equation anywhere (and never really did). If it weren’t for my own food supplies, I’d have starved to death a long time ago. I can’t grow enough food here to live on and I can’t do the work anymore anyway and there’s no more income. But I’m not ready to check out and give up yet – my ringside seat of civilization’s collapse is just getting interesting and I plan to be here for a while yet. I prepared for this eventuality years ago.

You can believe the hype and propaganda of the gold bugs, or you can use some common sense and project your own situation now or a few years hence. What will it be?

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7 thoughts on “Silver Price Forecast: Silver Could Hit $1,000 Per Ounce, Insider Say

  • June 1, 2016 at 7:20 pm
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    There are two and only two metals I’d consider accumulating: Brass and Lead
    The good news is that I couldn’t possibly ever use what I already have available.
  • June 2, 2016 at 5:20 pm
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    Hmmmm … $1000 omelette for dinner tonight and I’ll find a way to complain that its not stuffed with lobster !
    Amuricant’s never will understand that similar food costs (or worse- none at any price) lay directly in their path.
    When this happens here, the ‘survivors’ will be few (and also the meanest nastiest most vicious predators left standing)
    I’d say ‘good luck with that’ but luck has absolutely NOTHING to do with anything.
    Prepare accordingly in advance … or exit stage up ASAP
      • June 2, 2016 at 5:52 pm
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        Can’t speak for anyone but myself. but YES “End of Days” is felt as accurate here. According to statistics for US males I have 3 years 5 months remaining on the mean. Even without external factors, most of the time I feel I’d be both lucky and cursed to even get that much. As for everyone else, they’re at least as fucked.
        • June 2, 2016 at 7:36 pm
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          Well, then you’ll enjoy this: “Survive The End Of Days“. “Music” (more propaganda) version here.

          Yet another lying sack of shit rip-off scam artist preying upon the fear and ignorance of everyone they can. You too can help support this total fraud by sending him your $39 for the “secret” that only he and a few other “know”. What a joke. Oh, and he’s a “scholar” to boot (yeah, right). Just another fool trying to make a quick buck all in the name of Jesus. What an asshole.

          I have seen thousands of these scam-artist now, online and in person. And every single one of them doesn’t have a fucking clue what they’re talking about. But they’ll be sure to “help you”, but first, you must open your wallets and “help them help the world” to their scam offerings. The fraudulent “charity” and “concern for the world” (Christians only, obviously) is so blatantly despicable that it boggles my mind.

          The sad part is, I stumbled into this from Off-Grid.info which had this ad posted on one of their articles – and I accidentally clicked it. This is why I won’t accept any advertisement – I do not want any affiliation with the multitudes of liars, thieves, con-artists, and deep deceptions / ignorance that so many of these utter fools embrace and shovel out.

          I means SERIOUSLY – are humans completely stupid or what?

          • June 2, 2016 at 7:48 pm
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            Whoops! I had to click on a few more links and ads found there and it definitely looks like “Off-Grid” is another propaganda site pathetically trying to disguise itself as “survival oriented” informational site. I suspect that this site is actually the author and publisher of the scam above too (and every other “promotion” on the site, including the ads you find).

            It’s too bad the StupidNet is so infected with these clowns. It wasn’t always like this, but today it is.

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