Gold and silver are the anti dollar. That means they are alternative money when the whole crazy "stimulation" front running fake inflationary debt bubble economy finally comes crashing down.
This means, they are the canary in the coal mine. When you see gold soar and silver explode, the COMEX default on its obligations to deliver physical, this is the immediate precursor to the collapse of the financial system, and the start of all the SHTF scenario.
Could SHTF come in due to some other factors, like EMP/coronal ejection, war, terrorist attack or something? Sure. But it is far more likely that we will simply DO WHAT ECONOMIES THROUGH HISTORY HAVE DONE, which is debase the currency to cover government debt and spending, and cause a loss of confidence in the currency, leading to a social and economic spasm as things right themselves. The big difference between now and in the past is that the world's economies are linked more tightly. Do not kid yourselves though. Some are stronger and will be winners and some are weaker and will be losers.
I watch silver and gold to try and get a leg up on when things will come unwound. The reason for this is that there is so much fraud, posturing, and outright lies by the banking system, plus so many idiots with PhDs in math and physics who think devising a linear regression analysis on a computer somehow trumps basic conventional laws of supply, demand, exchange and markets. Our economy is being run by a team of politicians (elections matter), bankers (theft matters), and rocket scientists (numbers matter) without a grasp of basic economics. It is attempting to "fix" the problems they have created by doing more of the same, which is going to blow up in a spectacular display of immolation of assets, and a consequent depression and age of privation that will make the depression of 1920 look like a gilded era.
I believe that as firmly as Hal Lindsey believes in his dispensational charts of the "end times." I just don't know when it is going down. It is not like they are going to tell us. The big guys are not going to take out an ad in the WSJ proclaiming "sorry, guys. It got away from us. You are on your own!" Most of them are going down with it. I think the best indicator will be a couple of weeks of runaway gold and silver price increases. What that means is they KNOW the jig is up, and since they have the ability to grab what they can and scoot, they will loot the "solid" assets as best they can.
It is why a 60 cent run on silver like this morning makes me not happy, but nervous. I think every prepper should chart gold and silver, even if you don't own any.
If you want a good analysis of this, I would suggest getting the pdf download of David Stockman's (yeah, that David Stockman... the OMB director under Reagan) new book THE GREAT DEFORMATION. I will try and post a link to it later.
This means, they are the canary in the coal mine. When you see gold soar and silver explode, the COMEX default on its obligations to deliver physical, this is the immediate precursor to the collapse of the financial system, and the start of all the SHTF scenario.
Could SHTF come in due to some other factors, like EMP/coronal ejection, war, terrorist attack or something? Sure. But it is far more likely that we will simply DO WHAT ECONOMIES THROUGH HISTORY HAVE DONE, which is debase the currency to cover government debt and spending, and cause a loss of confidence in the currency, leading to a social and economic spasm as things right themselves. The big difference between now and in the past is that the world's economies are linked more tightly. Do not kid yourselves though. Some are stronger and will be winners and some are weaker and will be losers.
I watch silver and gold to try and get a leg up on when things will come unwound. The reason for this is that there is so much fraud, posturing, and outright lies by the banking system, plus so many idiots with PhDs in math and physics who think devising a linear regression analysis on a computer somehow trumps basic conventional laws of supply, demand, exchange and markets. Our economy is being run by a team of politicians (elections matter), bankers (theft matters), and rocket scientists (numbers matter) without a grasp of basic economics. It is attempting to "fix" the problems they have created by doing more of the same, which is going to blow up in a spectacular display of immolation of assets, and a consequent depression and age of privation that will make the depression of 1920 look like a gilded era.
I believe that as firmly as Hal Lindsey believes in his dispensational charts of the "end times." I just don't know when it is going down. It is not like they are going to tell us. The big guys are not going to take out an ad in the WSJ proclaiming "sorry, guys. It got away from us. You are on your own!" Most of them are going down with it. I think the best indicator will be a couple of weeks of runaway gold and silver price increases. What that means is they KNOW the jig is up, and since they have the ability to grab what they can and scoot, they will loot the "solid" assets as best they can.
It is why a 60 cent run on silver like this morning makes me not happy, but nervous. I think every prepper should chart gold and silver, even if you don't own any.
If you want a good analysis of this, I would suggest getting the pdf download of David Stockman's (yeah, that David Stockman... the OMB director under Reagan) new book THE GREAT DEFORMATION. I will try and post a link to it later.
