If such a deflationary spiral exists I wouldn't be concerned
about the price of Silver as there will be much bigger issues.
Anything is possible, but such prognostications serve little
purpose. Peter has speculated about Silver crashing for over two
years and it nearly hit 50 during that time. Just trade according
to your objectives based upon the triggers you get etc. versus
listening to prognostications.
At $2, all silver mines in the world would have to close. Even
if oil was at $8 per barrel. and that means no more solar power,
cell phones or other electronics. If you buy into $2 silver, then
short AAPL.
$8 oil and $2 silver imply such massive economic devastation
that either we have 90%+ unemployment and world wide social unrest
(read riots and martial law everywhere),
Or the annihilation of civilization as we know it (plus
tremendous world population reduction).
It also assumes that Ben and company will not be using their
fingers to press buttons on the keyboard to create electronic
impulses called dollars.
Long before $2 silver, Ben's helicopters will be all over the
country - unless the intention is world population reduction - in
which case the only thing of value will be ammunition, drinking
water and food (and in that order).
Possible? Yes. But I pray that it won't be probable.
Peter Campbell calling for $2 silver
Posted by kalinm on 22nd of Sep 2011 at 11:04 am
http://m3financialsense.blogspot.com/2011/09/goldsilverclearly-they-are-not-money.html
$2 silver would buy 25% less of Prechter's Dow 400
Posted by lessarda on 22nd of Sep 2011 at 12:09 pm
than today's equivalents.
silver was last $2 in dec 1972...
Posted by 8899 on 22nd of Sep 2011 at 12:21 pm
dow was 1000
sp500 was 100
matt or steve, doesn't this seem highly unlikely?
thank
If such a deflationary spiral
Posted by steve on 22nd of Sep 2011 at 12:32 pm
If such a deflationary spiral exists I wouldn't be concerned about the price of Silver as there will be much bigger issues. Anything is possible, but such prognostications serve little purpose. Peter has speculated about Silver crashing for over two years and it nearly hit 50 during that time. Just trade according to your objectives based upon the triggers you get etc. versus listening to prognostications.
$2 silver
Posted by mamaduck on 22nd of Sep 2011 at 12:30 pm
At $2, all silver mines in the world would have to close. Even if oil was at $8 per barrel. and that means no more solar power, cell phones or other electronics. If you buy into $2 silver, then short AAPL.
$8 oil and $2 silver imply such massive economic devastation that either we have 90%+ unemployment and world wide social unrest (read riots and martial law everywhere),
Or the annihilation of civilization as we know it (plus tremendous world population reduction).
It also assumes that Ben and company will not be using their fingers to press buttons on the keyboard to create electronic impulses called dollars.
Long before $2 silver, Ben's helicopters will be all over the country - unless the intention is world population reduction - in which case the only thing of value will be ammunition, drinking water and food (and in that order).
Possible? Yes. But I pray that it won't be probable.
Peter is really good, but
Posted by darnelds on 22nd of Sep 2011 at 11:45 am
Peter is really good, but he is sometimes early or builds a short position over time.
Peter is one of the
Posted by steve88 on 22nd of Sep 2011 at 01:17 pm
Peter is one of the WORST traders I've seem out there.... have stopped reading his blog for a while now... $2 silver?? What is he smoking?
nice... is he shorting it
Posted by steve88 on 22nd of Sep 2011 at 11:06 am
nice... is he shorting it at 35 then?