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Simit Patel

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  • With QE3 Delayed, Will Silver Fall Below $20? [View article]
    in 1980 what brought the market down was volcker raising itnerest rates. i do not consider that option possible now as the US is still running deficits. in 1980 we saw a true mania, in both gold and gold stocks, in which price acceleration during 1979 was much greater than anything we have seen in the current bull market. obviously there has been no mania in mining shares and the brief pop above 1900 pales in comparison to what we saw in the 1970s. i suspect the current bull will be greater than what we saw in the 1970s.
    Jun 22 08:41 AM | 12 Likes Like |Link to Comment
  • 4 Reasons The Bears Are Wrong And More Bubbles Are Coming [View article]
    anyone who puts their money in treasuries is assuming they are going to get paid back.

    the article you linked to regarding money supply cites M1 as their measure, i'm going with MZM which i find to be more meaningful.
    Mar 22 07:49 AM | 5 Likes Like |Link to Comment
  • Industrial Demand For Silver Declining [View article]
    you make some good points. i'll take a closer look at the numbers and the trend over the past few years.
    May 22 07:08 PM | 4 Likes Like |Link to Comment
  • Before You Buy Silver, Remember Grover Cleveland [View article]
    that's certainly quite possible, although i think there are many people holding silver as a money rather than as an industrial investment. for instance, i recently met one person who is a gold/silver bug but was 98% silver and 2% gold. i think that is a dangerous portfolio if one is seeking safety via money rather an investment industrial productivity.

    GLD's contents are not as relevant, in my opinion; whatever gold the US government or whatever monetary authority claims to have as their backing, they will find a way to get if they need it.
    Feb 10 10:57 AM | 4 Likes Like |Link to Comment
  • Time For Gold Bugs To Pay Attention To The Dow/Gold Ratio [View article]
    yes, sandstorm is one i'll be adding to my portfolio.
    May 6 10:05 AM | 3 Likes Like |Link to Comment
  • Before You Buy Silver, Remember Grover Cleveland [View article]
    silver can outperform gold because of supply/demand issues, i do not dispute that. but of course, uranium, tungsten, copper, vanadium, etc may also outperform gold for those same reasons. the question is whether we are buying for industrial demand or for monetary demand. some say silver is both, and i think that is somewhat true, but for those who are betting on one getting re-monetized by some monetary authority (meaning officially pegged or backed or floated against), i think that clearly belongs to gold. central banks hold gold, not silver.

    if silver does threaten gold for monetary safety, i think the true forces behind gold will put the smackdown on.
    Feb 10 05:42 PM | 3 Likes Like |Link to Comment
  • With Crude Over $100 Nuclear, Not Solar, Is The Alternative [View article]
    none of that matters. all that matters is that solar does not have enough energy or power density to be a real replacement for fossil fuels. nuclear does. it's a matter of physics and economics, not politics.
    Jan 26 12:02 PM | 3 Likes Like |Link to Comment
  • With Crude Over $100 Nuclear, Not Solar, Is The Alternative [View article]
    excellent article. haters will hate but nuclear is inevitable; it is basically the only option that does not require some type of massive social re-organization or some type of technical breakthrough nowhere in sight. nuclear is not perfect but nothing is, and nuclear is easily the best of the lot. which is precisely why it continues to remain an appealing option -- perhaps the only realistic option in the long run.
    Jan 23 04:27 PM | 3 Likes Like |Link to Comment
  • Gold Bears Facing Moment Of Truth [View article]
    not really sure....days or months....if i had to guess i would say by december we're on the next leg up
    Oct 19 12:18 PM | 3 Likes Like |Link to Comment
  • Fix the Global Economy by Declaring a New Kind of Government [View article]
    the US is insolvent by a wide variety of metrics. i prefer to look at unfunded liabilities.
    Aug 12 12:22 PM | 3 Likes Like |Link to Comment
  • Time to Sell Gold Comes After a New World Order Emerges [View article]
    hi ryepdx,

    i don't know the exact amount, but i think the bitcoin plunge was pretty volatile when the largest exchange got hacked. i also think it has usability issues, and that it has a very small market capitalization relative to other potential currencies. the fact that its inventor, satoshi nakamoto, owns such a large percentage of it is also something i find disconcerting. ultimately i favor some type of a central banking system, though not the one we currently have and not the world bank/IMF system either. i think gold and perhaps silver will need to play an important role in ensuring economic equilibrium and sufficient decentralization.
    Jul 28 01:14 PM | 3 Likes Like |Link to Comment
  • Hugo Salinas-Price Wants Greece And Mexico Back On A Silver Standard - Can It Happen? [View article]
    i was exaggerating in an attempt to be mildly comedic and light-hearted, though that seems to not been successfully accomplished. in any event, for very wealthy people, the lack of portability of silver is a very real issue.
    Jun 7 03:06 PM | 2 Likes Like |Link to Comment
  • McEwen Reassures Shareholders In Conference Call [View article]
    i agree, the last two days look like capitulation. i think gold stocks as a whole are looking ready to take off to the upside, i was pleasantly surprised by the strength of many of them today.
    May 23 05:47 PM | 2 Likes Like |Link to Comment
  • Why I'm Likely Buying Seabridge Gold [View article]
    seabridge is going to sell, so that is someone else's cost. an established miner is likely to have hte resources needed to make mining economically viable.

    0.55 grams per tonne grade quality is not fantastic, but in our current world, i think it's workable for the right miner. the size of the KSM project is also worth noting.
    Apr 17 03:58 PM | 2 Likes Like |Link to Comment
  • Why The Current Bull Market In Gold Is Bigger Than The One In The 1970s [View article]
    yes i agree.....we are talking about a huge debt cancellation, almost unfathomable, to take down the bull market in gold. UK, US, japan, EU would have to be on board with cancelling a large portion of their debt. i agree it is very unlikely.
    Apr 9 11:32 PM | 2 Likes Like |Link to Comment