Don Harrold - The Silver Manipulation Debate

[Shami-Amourae]

Good to hear different opinions. Got a lot of new thoughts out of this:

http://www.youtube.com/watch?v=eSbAU4m1tgs

[woodman]

He has excellent arguements. A wise guy.

[Shami-Amourae]

I know Don may seem like a total dick, but if you've listened to him over the past few years he's called all the bottoms and tops of the Silver market closer than ANYONE I know of. Seriously. Time and time again what he has said has came to pass more than anyone else I've listened to.

[woodman]

I know Don may seem like a total dick, but if you've listened to him over the past few years he's called all the bottoms and tops of the Silver market closer than ANYONE I know of. Seriously. Time and time again what he has said has came to pass more than anyone else I've listened to.


He really didn't seem like a dick. He just has a clear view of things and a need to point out error that he sees in the interviewer's thought process.

[optionT]

Good interview!

[Kali]

Can someone sum it up? Dont have 30 mins right now...actually heading out to the Philippines shortly...not sure if coming back!

[gunDriller]

good thoughtful webcast.

from that webcast, i don't understand why people call him a dick.

i thought his selling philosophy was interesting, to start selling every time the market rises 10% or whatever he said. i think he said he started selling at $22 and sold all the way to $45, back in 2010/ 2011.

i don't mean he sold his core holdings, he just sold a little bit every time the market rose a few percent.


in hindsight, it seems like he's dumb to sell at $22. of course it depends how much he sold.

also, it's better than parking the money in cash, e.g. if he bought in 2007 & sold in 2010. i would like to hear him (or another investor) talk more about those nitty-gritty details.

[mamboni]

He makes some valid points vis-a-vis the unpredictability of the silver price...short term. But he's more of a macroeconomic nihilist - not very useful for the buy and hold investor. BTW, he's wrong about interest rates and gold and silver prices: all through the 1970s interest rates were rising with inflation and so were gold and silver prices. Interest rates have to hit a critical point where they are 2% positive in real terms before the metal prices buckle. In the here and now, the FED would have to raise rates to north of 10-12%. I don't think that can happen, at least as a premptive FED move. Rather, rapidly rising inflation would drive interest rates that high and the FED would be forced to react. Of course, we would be amidst a massive currency crisis and dollar collpase, because 10% bond rates would literally vaporize the balance sheets of every major central bank on the planet.

Long term, there is no alternative to holding physical silver and gold as wealth preservation. At least, none that I know of. I'm all ears if someone can name one.

[Son-of-Liberty]

That and he doesn't take into account black swan events. Something unpredictable could come out of the blue and cause a crisis. If you aren't already loaded up then you miss out.

Sort of like this Cypress deal. This could cause a huge chain reaction or not much at all but we certainly didn't see it coming.