Welcome to illuminati Silver, we tell you
the truth about silver. Today is Monday 19th October 2015 and we are
addressing the issue as to why Mike Maloney, Jim Sinclair, Rob Kirby, Eric Sprott, Gregory
Mannarino and other gold and silver pumpers may be doing you a disservice and could be
encouraging economic collapse to occur. Before we begin addressing this directly,
we wish to define what we regard as a ‘pumper’ and a ‘serious pumper’.
A pumper is an individual who embarks on attempting to persuade people or paint the picture that
precious metals, and especially gold and silver, have only one future price direction – and
that is up. Serious Pumpers in our view, take this a step
further, by claiming that these price rises will be of a magnitude greater than anyone
can imagine and that this leap in price is likely to happen ‘any day soon’.
Now in our view, there is nothing wrong with being bullish about precious metals. In fact,
we are bullish about gold and silver (especially gold in the medium term, with silver eventually
following). However a new ‘art form’ is being created
by the pumpers. They have set out to persuade you, and anyone who listens, that Global Financial
Collapse is imminent. They have set out to persuade you or anyone
who will listen, that hoarding gold and silver will protect you from that collapse.
They have set out to persuade you or anyone who will listen, that it does not matter what
price you pay now for this gold and silver, when the collapse occurs your cost price will
pale into insignificance when compared to the new price this metal will reach.
So how do these people, many of whom having created very elaborate and professional videos,
books and newsletters, do you and me a serious disservice?
Well the most obvious is that they frighten people to over-commit their resources into
just one asset class – which any competent financial adviser – will advise you not
to do. They may not say it directly, but the fear they engender both consciously and subconsciously
causes this result. The second is that they persuade or frighten
you to buy at any price, and as many have witnessed over the past 4 years, this has
resulted in a 30% – 60% reduction in one’s net worth. One can live with that, if there
is no need to sell, but not everyone is fortunate enough to be in that position.
The third and most important disservice is that they may ‘bring on’ the very collapse
that they have been forecasting, or at the very least, cause it to happen sooner than
it needs to. It is this third point we wish to elaborate
upon a little further. When someone invests in any asset or commodity,
they generally do so because they either expect the price to rise, or that they will derive
some form of earnings from that asset. This decision is based on confidence derived as
a result of hopefully good research, recommendation and future forecasting.
When someone sets up a new business they do so generally because they have the belief
and confidence that they can make a success of this new venture.
When a couple decide to have children, they have, whether consciously or subconsciously,
made the decision that they have confidence that they can bring up that child appropriately
and introduce it into a world which they would like that individual to grow up in – in
other words, they have confidence that the child will have a happy and creative life
– if the parents did not believe this, then the only word to express such a decision would
be ‘sadism’. When someone hands over or receives, a dollar,
or a pound, or a euro, they do so in the belief that the currency can be exchanged for something
of value to that person. In other words, they have confidence in that unit of exchange.
These four examples and the many actions which are taken daily are surrounded by or supported
by that critical word – ‘confidence’. Now when that ‘confidence is eroded’ decisions
and actions taken vary considerably from the original ones. If you believe that an asset
is going to fall in value, you either don’t invest, or pull out if you have already invested,
or you short it. If you believe that the business has no future, you either don’t start it,
or you close it down. If you believe that the world is about to be destroyed or nuclear
war or famine is about to occur, you delay or indefinitely put off having that child.
Finally if you have no confidence in the currency you are using, then you refuse to accept it
in exchange for goods and services. So where are we heading here? Well, anyone
who studies economics and world events know that we are currently in a world-wide economic
slowdown. A number of countries are in a state of recession and those that aren’t are experiencing
lower levels of growth. Europe, the USA and China certainly fall into that latter camp.
Now there are many reasons for this falling growth, too many to mention here, but suffice
to say that history has shown us,that growth only reappears or re-ignites, when confidence
in the future raises its head. Now whether we agree with the strategy or
not, Countries, Governments and Central Banks either believe in, or are experimenting with,
QE (Quantitative Easing), as a means of sparking growth in their economies and engender confidence
in its people to invest, to build and to embark in entrepreneurial activities. There is some
evidence that this is happening, but unfortunately it is happening to such a small extent, the
cost of the investment is greater than the benefits derived (in other words, the inputs
are greater than the outputs). This can only go on for a certain amount of time.
Now should we all prepare for this – well of course we should, but unless one has an
existing considerable financial resource, this will take some time to engineer. So whether
you are building shelters, storing food, buying precious metals, ammunition or whatever ‘prepper
activity’ you deem appropriate, very few people can do this on the ‘turn of a pin’
– it will take time. So the ‘pumpers’ who are crying ‘imminent
collapse’ from the roof tops or are shouting ‘China’s dumping the dollar – it will
soon be worthless’ – are deliberately attempting to create panic and undermine confidence in
the financial and economic system; and they may be doing so generally because they have
precious metals, books or reports to sell, – in other words to make profit from you.
As their eroding of your confidence takes hold, it does not take a genius to realise
that panic soon sets in, which in itself, causes the ‘final day of reckoning’ to
occur much faster than it would otherwise have done. Now ask yourself these two questions:
(1) if financial collapse is inevitable, so that I have time to prepare, would I prefer
it to happen now or later? (2) Who will actually benefit should economic collapse occur tomorrow?
Well those with wealth (however you may define it) who can then purchase the assets which
people can now no longer afford for cents on the dollar or pennies on the pound.
So when you see Mike Maloney, Gregory Mannarino, Eric Sprott, Rob Kirby, and Jim Sinclair and
people who are far worse ‘pumpers’ than them warning you that collapse is imminent;
we say BEWARE. Instead of doing you a service by pre-arming or pre-warning you, they are
in effect helping to cause this collapse to occur sooner. Rest assured, that if Gold and
Silver is the answer in such an environment, these guys already have enough resources today
not to worry should the collapse occur tomorrow – in fact, the sooner it happens for them
the better it is, for they already have that wealth to purchase your assets ‘on the cheap’.
There is a fine line between helping people to prepare and causing panic to undermine
confidence and whilst we have made up our minds as to where these guys sit, you can
only do that for yourself. We hope you have found this video helpful
and informative, and would appreciate it if you would give it a thumb up, comment and
if you haven’t already done so please subscribe. Disclaimer: Silver Illuminati 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