The most common question I have been asked since I began doing precious metals in November of 1977, (that’s correct, over 40 years ago!) is, “When are metals going up?” Or, “What’s going to happen with prices?” Or people asking me to predict or know the future prices, or the future of anything. My general answer is, “If I knew what’s going to happen ten minutes from now, I’d be one of the richest men in the world.” In a ten minute period, I could buy or sell anything, go long or short, and get filthy rich, because I knew what prices would be ten minutes from now. No one knows what will happen at any time in the future.
When Obama got elected, we all knew what would happen to gun and metals sales. People wanted to defend themselves against what we knew Obama would do, and that is threaten our lives in any way he could…and he did. Gold went up a thousand dollars, and silver quadrupled. Gun sales went through the roof. Trump was elected, and metals went down, because people felt secure. Gun sales have gone down for the same reason. People had bought silver, gold, and guns to protect themselves from the socialistic-communist Obama and his Democrats. Colorado Gold did great, as did gun sales! We still do fine with no advertising, employees, or fancy offices. We still work out of our homes and charge a 1% commission over what we pay for it, and that includes shipping. It was the great splurge in buying gold, silver, and guns, which brought on the TV advertisers of gold and silver, promising foreknowledge of prices, ($200 silver a sure thing), advice, free brochures, and in one case, a free 1 gram silver bar, which has a value of about a nickel, but it sounds great, and the photo makes it look great also. Whoopee! Free silver! (A couple of those TV advertisers have gone bust).
I am mostly retired, but I still look at the web sites of our competitors, and their prices are always much higher than ours. They have to be! Offices, commissioned sales persons, advertising, etc aren’t cheap. In addition, we have held our A+ better Business Bureau rating long before these guys even came into business. Enough of that! I have a prediction to make about prices of metals, and it isn’t a pleasant one. The Democrats have pulled out every stop to defeat Trump, and the latest, with the fake attempted rape by Supreme Court candidate Kavanaugh when he was 17, has hit the jackpot. ‘Professor’ Ford, a staunch, active in all Democrat activities, marches, and protests, claims that she was put upon by Kavanaugh when she was but 15. She never reported it, can’t remember the date, how she got to the party, where it was held, nor how she got home, but Kavanaugh attempted to rape her. It is a total fraud, but it has stuck, and this brings me to a prediction.
In spite of the Dow reaching unbelievable heights, unemployment reaching an all time low, prosperity reigning everywhere, and money flowing back into the U.S. because of tax cuts, the average American reads virtually nothing, watches biased TV and football at every possible time, (I hate that game which has to be played in full body armor). Good, hard working. God fearing, honest Americans, are basically know nothings about real politics, other than what they watch on the media, except Fox News. As a result of this sad situation, far too many average American citizens could succumb to the massive outpouring of anti-Trump lies and fabrications, and vote in November for a socialistic Democrat, causing Trump to be hamstrung in his efforts to “Make America Great Again,” or to ‘Keep America Great,’ maybe. If this happens, and Republicans lose control of the House, or Senate, thanks to the close to two year blitz of fabrications, exaggerations, and fake propaganda issued by NBC, MSNBC, CNN, and just about every newspaper, or media over the last two years, and the Mueller fraud also, they may have won. If the Republicans lose control of the House or Senate, I predict that metals prices will climb, maybe back to their previous highs, and higher even. Why not? All the wonderful stuff which has been accomplished in the last two years, may crunch to a stop, and America will be on its way down, as it was under Obama.
It’s only a prediction, and neither I nor anyone else can possibly know the future. Trump’s chance of winning two years ago, were next to nothing, according to polls, yet he won, and America was off to a history making rejuvenation. Polls today, say he will lose control of the House or Senate, or even both. Polls were dead wrong two years ago, and we can hope they are wrong today. Fox News has driven the rest of the media nuts, because of its high ratings. Does this predict a Republican win in November? When Trump holds a rally, tens of thousands can’t get in, and in Las Vegas last week, people drove for hundreds of miles, stood in a line two miles long, just to be with him, see him, cheer him, and adore him. Does this predict a win in November? I hope so, but my prediction stands. If polls are correct, and women actually believe the Ford fraud against Kavanaugh, and vote Democrat, that may end the greatest two years in American history. Since after the votes are counted, it will be too late to act on my prediction, you decide. Go Trump! – Don Stott – 1-888-786-8822