So the same stuff they said was going to happen in (insert month here) for the past 7 years?
...
If they constantly make dire predictions eventually they’ll be right. It’s a great scam.
This is a cottage industry that can only prosper if they scare people to death.
As you said, when you make the same prediction you are bound to be right eventually. Sure, they were right about 2008, but they've been misleading investors ever since. I recall a good two years when the stock market rise was being described as "pump and dump." It was a great theory, but the dump never came.
The price/earnings ratio of stocks today is in line with what it's been for the past century. Sure the market might drop a little, but the drop the goldbugs are looking for isn't on the horizon.
Here is my favorite quote from the sales pitch (I refuse to call it an article):
the end of the seven year business cycle, a date that has already seen the tragic events of 9/11 and the 2008 economic collapse in this century.
Now, how can we be at the "end" of a cycle that they've been telling us isn't actually real? Secondly, how is 9/11 related to a business cycle? (Though plenty in the tinfoil crowd are convinced that 9/11 was an "inside job.")
But you should click the link, it is full of people selling gold, ammo, body armor and camping equipment.
Here's what these people should be asking themselves, why are the owners of these gold companies wanting to sell their gold for dollars if they really believe that the dollar will be worthless in a few weeks? PS: when they start talking about "fiat money" it's always a good idea to remind them that gold is the ORIGINAL fiat money, it's only other real purpose is jewelry.