Tue, May 22, 2012 - 4:51pm
You know them; Turk, Sprott, Sinclair, etc. I'm curious what the peanut gallery thinks is their overall effect on PM investors; mostly positive or mostly negative?
One view is that these PM billionaires (PMBs) draw less sophisticated investors into buying by "talking their book" at times when investors would have been better off waiting for lower prices.
Another view is that these PMBs give confidence to regular people just learning about PMs who otherwise wouldn't have the confidence to take that first step, and that reading the PMBs cheery perspectives give the newbies the strength to hold their positions until the promised take off of the metals finally comes.
So, net positive or net negative?
Edited by: Eman Laer on Nov 8, 2014 - 5:08am