We remind readers of this:
βIt’s only the question of when will silver reach $50 before we will get it run towards $100 and I’m convinced the rally won’t be over,β he said. It will take years before we see $200, $300. I see great, great upside.β
With just two minutes of financial advice less than one month ago, Willem Middelkoop has the uncanny ability to slice 10% from your net wealth:
People like Middelkoop are prize idiots and are best ignored, but if you care enough about the sector they can act as a good fade.
Willem, you are really stupid about money and now other people know as well. Live with it.
Think his comments have to be taken in context to current banking crisis. Which you probably do not see?
https://twitter.com/wmiddelkoop/status/1312321604001689601?s=03
one of the defences of the newbie; when presented with an angle they hadn’t considered, the psychological reaction is to assume their adversary is ignorant of their special knowledge.
You know what i’m talking about, Frank. The bit that convinced you Willem Middelkoop was a financial visionary. He’s not, he’s just another goldbug idiot.
Hi Otto
Newbie to your website yes, adversary not.
Is Willem a visionary? I don’t think so, he is just making the observation the banking system is on the brink again and taking out some insurance might be in order.
Having full faith in the fiat money has its risks too!
Fund managers like Ray Dalio & Warren Buffett get it. Central bankers like Alan Greenspan & Mario Draghi get it. Are they goldbug idiots? I do not think so.