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 its owners.