Henny Penny

[pkveazey]

OK, folks, here I go again with the latest Henny Penny, "The sky is falling" prediction. I'm still buying Physical Silver whenever I can afford some. Every day I watch what the Economic pundits are saying and although I thought the Economy would have collapsed by now, I'm seeing signs and hearing predictions that 2020 is the year of collapse. The latest is 2021. The Largest banks in the US are all buying physical Gold and Silver and telling people to not buy it. Those Banks control the money flow and they know the Fiat Dollar is doomed and they have kicked the economic can down the road all the way to the Dead End sign. Its kind of funny. No matter how much Silver I accumulate, I still feel like I need to buy more. Its like food storage. You're pretty sure you have enough but feel compelled to buy a little bit more.

[pkveazey]

Here's a little addition: He who owns the football, makes the rules. Therefore, he who has all the Gold and Silver runs the country.

[JohnyMac]

Gold is up 22% Oct 1 , 2019 vs. Oct 1, 2018. Silver is up 20% too.

Here is an article, I wrote about the economy back in September.

I think we are on the verge of a depression not recession. Other countries will be the cause of the downturn.

[pkveazey]

I read your article. It seems that you've been keeping up with the same people that I'm following. I'm into Silver because I can't afford Gold and Silver is actually a better investment. There is 9 times more Silver in the ground than Gold so the ratio should be 9:1 but its not. Its almost 90:1. Hmmm.... Somebody, and I think there initials are J. P. Morgan, is manipulating the Silver price to keep it cheap so they can buy as much physical Silver as they can as cheap as they can. Since Silver is an Industrial metal and gets used up, some of the Precious metal gurus are saying that the amount of above ground Silver is Equal to the amount of above ground Gold. Hmmmmm….. That would mean that above ground Silver should be as valuable as above ground Gold. Hmmmm….. Somebody is playing with the numbers. I've given several ounces of .999 fine Silver to my Doctor and my Auto Mechanic and told them to put it in their sock drawer and forget that its even there. One day they are going to need it just to feed their family. It also might get me a little bit of free service when everything goes wrong.

[patriotman]

I too prefer silver over gold because it is more fungible in a barter scenario and I think it has a higher ceiling. Not to mention pre 1964 coins are easily recognizable and have set silver amounts in them.

And Johnny I agree that I think this coming crisis is just the speedbump. I still peg the crisis following this next one as the SHTF one.