Welcome to illuminati silver, we tell you
the truth about silver. Today is Sunday 19th August 2018 and we are,
slightly light heartedly, but with a serious underlying message, highlighting the main
sources of information about gold and silver available on the Internet today, organising
them into categories and our opinions of them – we hope you enjoy!
It was interesting over the past week to view the headlines of other You Tube gold and silver
gurus and commentators as prices plunged. For example, Kitco News asked “Is the pain
Over for Gold Investors” another of its videos stated “Gold abandoned by world’s
Top Mutual Fund, Frank Holmes says Rebound still possible”
Other less professional but well-meaning sites quoted ‘now is the time to buy’ – ‘stack
up before it’s too late’. Others tell you ‘not to worry’ recovery is just around
the corner when prices will skyrocket. Well to be frank we ourselves have said that
we expect both gold and silver prices to be higher at the end of the year than they are
now, but not particularly that much higher, and we are certainly not expecting a rip-roaring
surge. In fact, some of our subscribers believe that prices still have some distance to fall,
and to be fair to them it cannot be totally ruled out.
So, lets perhaps iron out some of this conflicting advice. We have provided 5 main categories
of You Tube Precious Metal advisers and Gurus: Firstly, we have what we call the ‘genuine
stackers’ who present You tube videos to share their passion. We like to watch these
as their enthusiasm for the subject can be infectious. But a word of caution, most of
them, not all of them, but most of them, have little or no real-world experience in finance,
investments, mining, treasury operations or trading, and so are merely expressing either
a gut feeling or the advice they have perhaps themselves read on a blog or seen on YouTube.
Now there is nothing wrong with watching these but please bear in mind that most of them
carry out no analysis or a very primitive form, and therefore should be looked upon
as either entertainment or providing useful information as to the latest available silver
or gold coins or bars. Secondly, we have the Kitco News of this world
who, although have a vested interest in the rise of gold and silver, in fairness, with
the very able assistance of an attractive presenter called Daniela Cambone presents
to the viewer those people involved in the gold and silver space, their opinions and
forecasts. By definition, we have to remember here that the people she interviews are generally
either the miners themselves, or mine owners, who will always talk up their book or are
Comex traders and day traders whose opinions are valid but generally aimed short term and
not necessarily useful for the stacking community – one or two exceptions we grant, but very
few. Thirdly, we have the David Morgan’s of this
world; who in fairness are very plausible and sombre and David in particular has made
his life’s work, essentially following and supporting silver and other precious metals.
In fact, he has written a number of books on the subject. Now he is less flamboyant
than the pumpers whom we come onto next, but unfortunately for David again since 2011 has
got most of his forecasts wrong and by a wide margin. He is very knowledgeable, of that
we do not question, but we feel he has to some extent become so consumed by his passion
that he cannot ‘see the wood for the trees’ and perhaps spends too much time in the company
of those who have a vested interest in seeing gold and silver prices rise and is subliminally
hypnotised by them. Even as late as 1st March 2018 he was making the case for $10,000 gold
and $500 silver. Our immediate comment is that for that to happen, either 15 – 20 years
has to pass or the dollar has collapsed and those prices should enable you to purchase
a quality suit or a decent meal. Fourthly, you have the pumpers – The Mike
Maloney’, and Peter Schiff’s of this world. They own gold and silver companies that trade
in precious metals. They make the majority of their living trading gold and silver – so
frankly their advice will always be – “BUY NOW BEFORE ITS TOO LATE – ECONOMIC ARMAGEDDON
IS JUST AROUND THE CORNER – IT DOESN’T MATTER HOW MUCH YOU PAY BECAUSE THE DOLLAR
WILL SOON BE WORTHLESS” – BETTER A YEAR EARLY THAN A DAY LATE”. Does this resonate
with you? Well we can tell you, it certainly resonates with those who have lost a fortune
since 2011 and have been forced to sell their holdings because they over committed their
finances to ‘filling the cart’ based on the expectation of an imminent rise in prices.
These individuals are in our view just enriching themselves by misleading their followers.
They are certainly clever, and certainly knowledgeable, and probably over the very long term believe
what they say, but short term to medium term do incredible damage to people’s wealth.
Fifthly we have what we call ‘The Crazies’ – You’ve seen them, you’ve heard them.
The ones who are often interviewed on USA Watchdog who have for the past 10 years declared
economic oblivion any time soon. $100,000 gold $10,000 silver and in Bix Weir’s case
$100,000 silver an ounce. All of the conspiracy theorists who have found a home on USA Watchdog
(which incidentally is quite a nice programme to watch – but not too often) and who appear
on King’s World News and occasionally on Alex Jones Info Wars. Well all we can say,
is that if you have followed these guys, then frankly if you are not in the “Poor House”
already then you are probably sitting on vast hoards of gold and silver bought at incredibly
high prices and praying to your God that you will live long enough to see a profit.
And Last but not least there is Us. Illuminati Silver; Now what can we say, well actually
we will say nothing as we are biased and we let you draw your own conclusions.
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Disclaimer: Illuminati Silver owners come from a background
of Banking, International Wealth Management and Economics. Having now retired from these
worlds we are not qualified to give investment advice. Therefore, this and other productions
must not be deemed to be giving such advice and merely represent the personal views of