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FoolzGold

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  1. Thanks
    FoolzGold got a reaction from Paruwka in Silver price about to plummet   
    Gentlemen - it's tin foil hats at dawn. May the most fanatic conspiracy theorist win - or the one the [Rothschilds/Bilderbergs/illuminati/lizard people]* want to win!
    * insert your choice of world-order secret society here.
  2. Like
    FoolzGold got a reaction from Alex in There is NO silver shortage - Stop the myth - WHY are you still stacking silver ???   
    I'm reminded of Obi-Wan Kenobi explaining the Jedi mind trick to Luke: "The Force can have a strong influence on the weak-minded."
    Just replace "The Force" with "YouTube" and it all becomes clear.
  3. Like
    FoolzGold got a reaction from Pampfan in There is NO silver shortage - Stop the myth - WHY are you still stacking silver ???   
    I'm reminded of Obi-Wan Kenobi explaining the Jedi mind trick to Luke: "The Force can have a strong influence on the weak-minded."
    Just replace "The Force" with "YouTube" and it all becomes clear.
  4. Haha
    FoolzGold got a reaction from Abyss in There is NO silver shortage - Stop the myth - WHY are you still stacking silver ???   
    I'm reminded of Obi-Wan Kenobi explaining the Jedi mind trick to Luke: "The Force can have a strong influence on the weak-minded."
    Just replace "The Force" with "YouTube" and it all becomes clear.
  5. Like
    FoolzGold reacted to Goldhooked in There is NO silver shortage - Stop the myth - WHY are you still stacking silver ???   
    Perhaps we could have a sub forum for those that believe everything they see on YouTube?  The ‘YouTube fanboyz’ forum.  
  6. Haha
    FoolzGold got a reaction from Goldhooked in There is NO silver shortage - Stop the myth - WHY are you still stacking silver ???   
    I'm reminded of Obi-Wan Kenobi explaining the Jedi mind trick to Luke: "The Force can have a strong influence on the weak-minded."
    Just replace "The Force" with "YouTube" and it all becomes clear.
  7. Haha
    FoolzGold got a reaction from Bullionbilly in There is NO silver shortage - Stop the myth - WHY are you still stacking silver ???   
    I'm reminded of Obi-Wan Kenobi explaining the Jedi mind trick to Luke: "The Force can have a strong influence on the weak-minded."
    Just replace "The Force" with "YouTube" and it all becomes clear.
  8. Like
    FoolzGold reacted to STONE in There is NO silver shortage - Stop the myth - WHY are you still stacking silver ???   
    "Why are you still stacking silver if there is an abundance of it?"
    So your assumption is that the people here are stacking silver because they believe there is not an abundance of it.  Silver IS money and it IS a store of wealth, always has been and always will be. For some its a hobby, for some its a store of wealth to protect what they have worked for since the value of silver and gold is intrinsic.
    That video is full of logical fallacies including, but not limited to:
    Appeal to probability
    Argument from fallacy
    Existential Fallacy
     
    By trying to prove Ted Butler wrong does not prove a counter point. Over the last 16 years there has been a deficit of silver in what was mined compared to the actual demand. The silver institutes charts clearly shows that. In turn, a yearly deficit will deplete above ground reserves year over year eventually leading to a shortage based on demand. Mines are breaking even at the current silver prices, future exploration is halted because of a lack of profits. For the most part mining for silver is price insensitive since it is a bye product of lead, zinc and copper mining. If there is such an abundance of silver in the ground(which in itself is a claim that it can easily be mined and put into above ground reserves) why do we have a mining deficit year after year? Based on the claims in the video above ground supply should far outweigh demand since there is such an abundance in the ground. Some of the research I have been reading is showing that the actual silver content of the ore is decreasing which in turn means the same amount of mining costs for less silver.
    Like Sixgun said, NOBODY knows how much silver is still in the earth except for GOD himself. Test drilling only gives an idea of content in a particular area.
    Don't base your research conclusions off of YouTube videos. There are nuggets of truth in some youtube videos but you have to chew up the meat and spit out the bones so to speak. Folks that end up on the far end of the spectrum on any matter are usually wrong showing that they have an internal hidden agenda.
  9. Like
    FoolzGold reacted to sixgun in There is NO silver shortage - Stop the myth - WHY are you still stacking silver ???   
    You started a thread about 10oz Canadian Mint bars on 10th March - (less than a week ago) - you said you were considering getting 10 of these bars. If you believe the logic of the video and that we are awash with silver, then why would you consider doing that?
    How does anyone know there are 1.4 trillion of tonnes silver in the Earth's crust? No-one can know this. Since only a tiny fraction of the Earth's crust has been tested it is just a guess, it is less than a guess.
    At current prices only a tiny fraction of the silver could be extracted - most of the Earth is covered by the oceans. What cost mining at the bottom of the Atlantic, 25 miles beneath the ocean floor and then getting the silver back to a refinery? $100's if not $1000's per ounce. Most of the Earth's silver is completely uneconomic.
    Imagine the cost of extracting the (theoretical/plucked out of thin air) average of 0.075g of silver per tonne of Earth's crust. That means you would have to sort through 414 tonnes of material to get just 1oz of silver. The cost of extracting, shifting, refining and then producing a 1oz silver coin would be many multiples of the current price. This is where this sort of video is as empty headed as those making out silver is going to shoot to $600/oz by Christmas.
    No wonder the comments have been disabled on youtube for this video - i expect it was getting a lot a flack just as it deserved.
  10. Haha
  11. Like
    FoolzGold got a reaction from AgCoyote in Bullion Kangaroos as stack base   
    Plenty of good sense replies above. Personally I dabbled in various silver bullion coins before coming to the conclusion that currently the 2oz and 10oz QB bullion coins seem to be the best bet at present.
    At worst they are bullion coins at a very small premium over the bog-standard bullion coins like the kangaroo and maple leaf. And they (imho) look much nicer.
    At best they appear to be gaining a very healthy semi-numismatic premium as they go out of production, something that will never be the case with the standard bullion coins.
    There are a couple of other designs I buy because I like the look but otherwise it's QBs all the way for me.
  12. Haha
    FoolzGold got a reaction from StackinJack in Dolphin Series - New Bullion Silver Series from Royal Australian Mint   
    Once all animals have been officially used up they'll have to move on to microbes. 2020 E. Coli, 2021 Ebola... endless possibilities. 😉
  13. Haha
    FoolzGold got a reaction from AuricGoldfinger in Silver price about to plummet   
    Do they control the tinfoil hat market too?
  14. Haha
    FoolzGold got a reaction from Gildeon in Silver price about to plummet   
    Gentlemen - it's tin foil hats at dawn. May the most fanatic conspiracy theorist win - or the one the [Rothschilds/Bilderbergs/illuminati/lizard people]* want to win!
    * insert your choice of world-order secret society here.
  15. Haha
    FoolzGold got a reaction from Gildeon in Silver price about to plummet   
    Do they control the tinfoil hat market too?
  16. Haha
    FoolzGold got a reaction from Stu in Silver price about to plummet   
    Well @Wonger has certainly achieved something here - he's made @sixgun look like he's just another of the 'sheeple' being deceived by the 'man'. I'd doff my tinfoil hat to you, but I'm afraid it might dislodge my lizard-person mask. 🙄
  17. Like
    FoolzGold got a reaction from RichRock in Silver price about to plummet   
    Well @Wonger has certainly achieved something here - he's made @sixgun look like he's just another of the 'sheeple' being deceived by the 'man'. I'd doff my tinfoil hat to you, but I'm afraid it might dislodge my lizard-person mask. 🙄
  18. Haha
    FoolzGold got a reaction from RichRock in Silver price about to plummet   
    Gentlemen - it's tin foil hats at dawn. May the most fanatic conspiracy theorist win - or the one the [Rothschilds/Bilderbergs/illuminati/lizard people]* want to win!
    * insert your choice of world-order secret society here.
  19. Like
    FoolzGold reacted to sixgun in Silver price about to plummet   
    In the summer of 2017 i was all fired up about the new BullionCoin digital currency that was going to be launched. This was a partnership between BullionCoin and the Allocated Bullion Exchange. The partner ship never sailed as there was a bust up at the 11th hour, well at the 59th minute of the 11th hour.
    The basis of BullionCoin was that precious metal held in the Allocated Bullion Exchange system would have title of ownership recorded on the distributed ledger system (the blockchain). The problem was BullionCoin wanted the precious metal to be part of company assets and the ABX said no - the metal must belong to those who own the BullionCoins.
    This is a very fundamental difference. In the system BullionCoin wanted you would simply have a claim on the metal but not title over the metal. Creditors of the company ahead of you could claim the metal and you could be left holding the baby.
    If members ever want to get involved in the digital currencies backed by precious metal or anything else for that matter they should check who owns the metal. If you only have a claim on metal in a list of claimants then walk away. When you deposit currency in the bank you give it to the bank. You then only have a claim on the currency. If the bank goes down you could and likely would end up with nothing.
     
  20. Like
    FoolzGold got a reaction from KDave in Silver price about to plummet   
    Well @Wonger has certainly achieved something here - he's made @sixgun look like he's just another of the 'sheeple' being deceived by the 'man'. I'd doff my tinfoil hat to you, but I'm afraid it might dislodge my lizard-person mask. 🙄
  21. Like
    FoolzGold got a reaction from Goldhooked in Silver price about to plummet   
    Well @Wonger has certainly achieved something here - he's made @sixgun look like he's just another of the 'sheeple' being deceived by the 'man'. I'd doff my tinfoil hat to you, but I'm afraid it might dislodge my lizard-person mask. 🙄
  22. Like
    FoolzGold got a reaction from Goldhooked in Silver price about to plummet   
    Gentlemen - it's tin foil hats at dawn. May the most fanatic conspiracy theorist win - or the one the [Rothschilds/Bilderbergs/illuminati/lizard people]* want to win!
    * insert your choice of world-order secret society here.
  23. Like
    FoolzGold got a reaction from Goldhooked in Silver price about to plummet   
    Do they control the tinfoil hat market too?
  24. Haha
    FoolzGold got a reaction from Wackattak924 in Silver price about to plummet   
    Well @Wonger has certainly achieved something here - he's made @sixgun look like he's just another of the 'sheeple' being deceived by the 'man'. I'd doff my tinfoil hat to you, but I'm afraid it might dislodge my lizard-person mask. 🙄
  25. Haha
    FoolzGold got a reaction from PansPurse in Silver price about to plummet   
    Well @Wonger has certainly achieved something here - he's made @sixgun look like he's just another of the 'sheeple' being deceived by the 'man'. I'd doff my tinfoil hat to you, but I'm afraid it might dislodge my lizard-person mask. 🙄