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.
9 thoughts on “This May Be Your Last Chance To Buy Silver And Gold”
You have some good information – my dad’s really into this. Great job.I never really knew so much about it. Keep up the good work.
Hope your Dad’s keeping an eye on the changing markets. Looks like there’s going to be no better time to buy gold and silver than right now!
Wow! I didn’t know this. What a helpful article this will be for people who Love their gold and silver! Thank you for an interesting post 🙂
I took my own advice last night, Emma, and bought some more gold and silver while there was a small price drop. There’s another dip in price currently, so now’s a good time to buy.
I wish I knew more about this topic. I did a bit of Googling and YouTubing after I read your article and it’s kinda frightening that so many “people in the know” think we’re rolling straight into another major financial meltdown. How come the mainstream media aren’t warning us about this? You’ve got me thinking about protecting what savings I do have!
Putting on my tin-foil hat, Christie, 🙂 I’d say the reason we’re not getting any warning about what might be coming is that the media are owned and controlled by vested interests in the financial and government circles. The last thing anyone wants is rioting in the streets but in not telling us about the predicted crash, they’re depriving people of choice. Whether that choice is for people to spend their money buying food and water to hoard or gold and silver to hoard.
I’m not a financial expert, but from my research there are people whose opinions I’ve come to trust. And enough (though not all) of them are saying that a crash is inevitable that I’m taking measures to protect some of the money I’ve saved by converting currency into gold and silver.
The dollar is starting to slide. And as is mentioned in the video on this page, the US Treasury seems to want it to continue to slide against other currencies. Yesterday there was $1.14 to the Euro. Today it’s dropped by about another 1% to $1.15 to the Euro. The drop in the dollar’s value could be a blip. Keep your eye on the exchange rates over the coming days – http://www.xe.com – and make up you own mind about how things are going. In general though, as the price of the dollar drops, the price of gold rises.
It’s a very interesting topic indeed.
Why would governments including banks be manipulating the value of Gold and Silver? Is it because paper has no residual power?
Could it be if people woke up to this fact they would create their own currency for example BitCoin?
The simple answer is that banks are skimming huge profits from paper financial transactions. What they are doing is patently criminal (that why they’re often referred to as “Banksters”). They’ve been caught red-handed time and again yet only ever receive a small financial slap on the wrist – having to pay a fine. While fine amounts may sound huge to us, they’re a fraction of what the banks are making from illegal transactions. The penalty is not a deterrent. No criminal would stop their activity if the punishment took a small percentage of what they’ve stolen.
Banks pay lobbyists to petition members of Congress and governments and persuade them to make changes in law that favor the banks. Regulatory bodies have their powers trimmed and formerly illegal actions are declared legal.
Following the 1929 crash, the Glass–Steagall Act was put in force in 1933 to separate retail banking (involving depositors) and commercial banking (involving investing) so that commercial banks could not use depositors money to fund rusky investments. In 1997, Bill Clinton repealed the Act. A decade later, the financial crash happened.
As to why the price of gold and silver would be manipulated, there are two main reasons.
1. If the price of precious metals remains largely static, it’s not newsworthy and the thought of buying gold and silver doesn’t enter the larger public consciousness. People still deposit their money in the bank for safekeeping and to earn a bit of interest. Because of the repeal of the Glass–Steagall Act, banks can use depositors money to fund the risky investments they’ve been engaged in using over the last couple of decades. So, in essence, the banks ensure that the public give them their currency. Currency spent buying gold and silver does not go to the banks and they want to curb that notion as much as possible.
2. Insider trading. The banks guilty of colluding on rigging the price of gold and silver will know if the price is going up or down on any given day. If you’re an insider, you can then make a bet that the value of gold or silver will go one way or the other with almost total certainty. A sure bet. And they make a mint using this strategy. Deutsche Bank have admitted they were involved in rigging the price of silver. Then they confessed to having taken part in rigging the price of gold. Now, they’re pointing the finger at other guilty participants. Why isn’t a criminal prosecution being brought against them? Because this dirty laundry turned up in a civil case, not a criminal one. Deutsche Bank have agreed to pay a financial settlement (another slap on the wrist) and then the whole thing can be quietly forgotten.
When you look behind the curtain and see what’s really going on back there, behind the scenes, it makes your blood boil.
The wheels seem to be coming off the wagon though. There’s a pattern emerging in the price of gold and silver: the price rises, then a couple of days later, the price is suppressed by the banks as they try to keep the value of gold and silver low. Then the prices increase again. Check the silver and gold price charts on this page and you’ll see that the prices of gold and silver have been steadily rising in recent weeks.
Once people realize what’s happening, there’ll be panic buying of gold and silver. The banks will lose control. And all hell will break loose. That’s not me saying that. It’s a view held by a lot of highly regarded analysts.
You really know (and love) your subject. The voices predicting another crash are getting louder and information like this is really interesting to read.