If you’ve been following my posts on this blog, you probably saw the videos on the secret meetings between the Fed and the White House and the Silver Breakthrough.
While some analysts have said that the rise in price of silver in particular is a spike and that the price will correct itself, silver has confounded those same analysts by resolutely increasing in price since mid April. If it reaches $18.50 per ounce, then it looks like nothing will stop the price rise.
Deutsche Bank’s admission that it took part in rigging the price of both silver and gold and that it’s now pointing the finger at its co-conspirators means that the artificial suppression of gold and silver prices are coming to an end.
The dollar has also devalued somewhat against other currencies the the last couple of weeks. The US Treasury has given explicit warnings to China, Japan and Germany not to devalue their currencies. If they oblige, the dollar will continue to drop in value against them.
The above interview with JS Mineset‘s Bill Holter is not for those of a nervous disposition. It sounds the alarm that time is running out to get into precious metals before the economy crashes again…in bigger fashion than it did in 2008. The predicted economic calamity is suggested as being so severe that those who don’t hold precious metals will not have their savings/wealth protected and may never recover during their lifetimes.
During the video, at 14:16, there’s a soundbite from General Mark Milley, US Army Chief of Staff who says something very unsettling at a lecture he gave recently.
Holter later warns:
I think what we are looking at is an EVENT that you’re not going to be able to recover from. If this market snaps and the markets close, and you’re not in position, you’re out. You’re out for the rest of your life. This is going to be an EVENT that you can’t recover from.
Silver is the best performing commodity asset of 2016 so far, up 27% since the start of the year (Gold is up by 19%), and there are some very quantifiable, very important reasons for it. This may well be your last chance to buy silver and gold and protect yourself from what is coming.
When people realize what’s happening, there’s very likely going to be a rush into gold and silver. With limited stocks of both metals available, demand is going to push the prices even higher, making it more costly to buy. With high demand and low supply, delivery times could be very long too.