@PeterSchiff Bit con...perfect example of the madness of the crowds.
How long will it take before they start listening to Peter Schiff and not mocking him ?
@PeterSchiff My money is with Peter's view of the state of the economy. If you morons that continually harass him would study history and his track record you may be surprised.
Watch the crowd.....you don't want to be a part of it.
@PeterSchiff Just reading these posts i now know the true meaning of PONZI. And the old saying " never underestimate the power of stupid people in large groups " rings so true !!
Got gold ?
@fl_tx2@LibertyLockPod Ignoramus retard......never underestimate the power of stupid people in large groups.....that don't understand they are being played
As inflation causes homeownership costs to soar, including mortgage rates, insurance, utilities, maintenance, and taxes, real estate prices will crash. The recent collapse in mortgage and refi applications is the tip of the iceberg. What lies beneath is a crisis worse than 2008.
The underinvestment in the mining sector has created a situation where silver supply is highly inelastic. It cannot respond quickly to changes in price. This is a classic recipe for a price explosion, and that is exactly what we are now witnessing. This is what makes the current situation so different from past commodity rallies. In previous cycles, a spike in price would be met with a flood of new supply as producers rushed to take advantage of the higher prices. That is not going to happen this time. The years of neglect have taken their toll. The industry is simply not in a position to ramp up production in any meaningful way. The deficits are set to continue, and likely worsen, for the foreseeable future. This is a structural bull market, not a speculative fling. The implications are profound. It means that the high prices we are seeing are not a temporary anomaly, but the new baseline. It means that the mining companies, which have been operating on razor-thin margins for years, are about to enter a golden age of profitability. And it means that the downstream industries that rely on a steady supply of silver are in for a rude awakening. The era of cheap, abundant silver is over, and it is never coming back. It’s now a relic of history. A pet rock if you will.