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vox kadavergehorsamkeit
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Silver and Gold Continue To Bleed

- Dan Dontrose - The Fundamental View

Dontrose has taken a lot of heat for this article and much of it deservedly so. However, had we followed his advice back then and sold, there is no doubt that we would now be able to purchase back more metal with the proceeds than we had before.

As for the history that you speak of--i am taking it that you are making refrence to the great depression of the 30s--it was characterized by deflation, not inflation and so should history not merely rhyme, but repeat, gold will go down in price, not up. Of course that may be of no consequence, for the value of gold can only be properly determined by what goods and services you can exchange it for and the price of potatoes may fall even more drasticly than the price of gold.

i agree with you when you stated that the system will implode. It will. The only problem with that is that there is no real way to know when it will and as J.M. Keynes wryly noted: "The market can remain irrational longer than you can remain solvent."

Commented 4215 days ago

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Beginning of the headline :Carnage is the word on the street when it comes to the precious metals and believe me when I feel badly for anyone left holding the back on silver and gold, especially those that bought at the extreme prices in May of 2011 for Silver and October of that year for Gold, I am filled with anger at the charlatans that continued to tell investors to keep buying any dips and called for extreme price movements because of their manipulation claims. The reality is as plain as day in the metals markets... Read More

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