Here's an excerpt from Mike Stathis about the gold and silver...

Here's an excerpt from Mike Stathis about the gold and silver scam.....
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The United States of America not only serves as an incubator for great ideas and new technologies. It also serves as the incubator for the latest con artist tactics. Today, America beats out every other nation when it comes to the complexity, volume and pervasiveness of scams.
The most recent scam has been centered on linking gold and silver with various doomsday scenarios. The gold and silver doomsday propaganda campaign has been in the making for a number of years and it has been elaborately engineered.
The charlatans involved have spent billions of dollars in marketing, with thousands of pitch men on their payroll, from Glen Beck and Rush Limbaugh, to Mark Levine and Sean Hannity. This scam has been particularly widespread within the so-called "alternative media" venue, with known liars and charlatans such as Alex Jones, Max Keiser and Jeff Rense giving life to the next generation of con men.
The so-called "experts" behind this scam have become some of the greatest contrarian indicators in world history. Guys like Peter Schiff, Jim Rogers, and Mark Faber are just a few of the guys who have been dead wrong on just about everything that has come out of their mouths. Yet, they continue to receive widespread media attention.
The fact that the media continues to air these broken clock morons addresses the media's role in a much greater scam now one other than Mike Stathis addresses.
No expense has been spared to carry out this grand production because the payoff is enormous to those who are involved in the scam, from 7%, all the way up to 50% commissions on every dollar they convince their sheep to lay down on gold and silver.
Perhaps the best thing about this scam (from the perspective of those who are running it) is that there is NO real regulation of the precious metals industry.
What that means is that it is much easier for all of the players (from precious metals dealers to paid hacks and others) to get away with fraud.
Precious metals dealers can also charge as much as they want. And as long as they keep instilling fear of doomsday into the minds of their sheep, these sheep won't bother to so much as question the financial merits of paying huge commissions for something that is supposed to protect them from the zombie apocalypse. The entire gold and silver pumping movement is a huge scam.
I have previously highlighted the lack of regulation in the precious metals industry as a large contributing factor accounting for large scale fraud that exists.