Godisnowhere
Member
- Joined
- Feb 8, 2009
- Messages
- 65
Clark Howard has a Nationally syndicated financial advisement show that millions listen to. He is telling people that the US dollar is not in jeopardy and that investing all in Gold and Silver is very risky. This is the same advice I have received from a number of other financial planners. In fact in 2008 a leading financial planner told me after I discussed with him my market analysis of silver and believed that to be the best option "No matter what you do, do not buy silver." Then the price was $10 an ounce. My analysis showed the mining cost was far greater than that, the inventory was very low, the market demand forecast for industrial uses very high and the dollar at high risk because of the US government unfunded liabilities. That advice kept me from converting until the price jumped to $15 then I moved to silver. This was the worst financial advice I have ever received. Now I am hearing the same thing. So what has changed with my market analysis since then? The price is up to $32 an ounce over the cost of mining but the inventory of physical is very low. And now there is a breakthough in batteries that will be using silver dust. This is a ground breaking new use of silver in industry. It is predicted that electric cars will be able to be produced effectively with a battery that is lighter, holding much more of a charge, and will last many times longer. This will enable a true electric car. But cars is only 1 of many products that will be enabled by silver technology. Think about lawn mowers, tools, phones, scooters, motorcycles and perhaps even airplanes. Since the break through is so revolutionary silver will be a premium commodity. So what impact will this have on inventory levels and demand? I believe it will be huge. But then there is still the 100 trillion US dollar liability problem we face. I am not speaking about the current debt of 15 trillion but about the vast unfunded but committed debt no one is talking about and the bill is coming due quickly. Couple this with the problems with the Euro which mirror the US dollar and are immediate risk issues. Clark Howard tells us to be patriotic and invest in US dollar related investments. One planner told me I was unpatriotic because I bought silver. I told him he should be patriotic and demand silver and gold be used for money as our constitution demands. Certainly with people like Obama and Bush running the country not paying attention to the constitution or protecting our money one is not wise not to pay attention and protect himself. I think I will stay with my own analysis on this one. Clark Howard is living in a fantasy world of the past which we are not in. He and others like him are putting people at very high risk with their unwise counsel. He is doing this either because of ignorance which he certainly should not be in his position or from greed as he makes his money not from Gold or Silver but from the other types of investments. I believe the latter is true, what do you all think on this?
