The Gold & Silver Price Falls – What This Means For Sound Money
Josh Sigurdson talks with author and economic analyst John Sneisen about the recent fall in the price of gold and silver and what has caused the dramatic drop.
Focusing on the gold-silver ratio, it certainly seems like a great time to buy silver and this drop is not an example of sound money proving to be a faulty form of insurance as this is something we’ve seen many times before, but it’s an example of the manipulation we’ve been reporting on for quite some time.
John Sneisen goes into how the slowdown in inflows of money going into the ETFs may be a large part of this development. It’s also interesting to point out that physical gold has gone up 9%. So people are definitely stocking up on gold on a vast scale.
On top of this, central banks have pulled in 76 tons of gold in the first quarter of 2017. Though this is a slower rate than the previous quarterly, it still shows how much buying there is. As John points out, there’s still more buying than there is selling.
The Brics countries appear to be the biggest buyers of gold and silver.
It’s important to not worry to much about the price due to the fact that the price is mostly based on the ETFs, which have substantially over leveraged between 300-500 times more contracts than there is actual physical metal. So if there was a run on the banks, only about 1 out of 300 would be able to get the physical metal itself.
Silver and gold has proven itself to preserve value over several millennia. While you can’t eat gold, it’s incredibly important in a crash scenario to ensure you’re able to take care of your family and protect them from many of the most dramatic side effects of an inflationary scenario or of course a depression.
The fall of fiat currency is inevitable, though fundamentals are off the table so an exact date can’t be placed, but we know it will happen which is why preparation is key to surviving it.
Fiat currency always reverts to its natural value of zero. Gold and silver have always held up in a crash.
Decentralizing is also and incredibly important way to survive a crash, such as blockchain. Bitcoin proves to be a great insurance as well, but the history books have noted the need for gold and silver.
Stay tuned for more from WAM!
Video edited by Josh Sigurdson
John Thore Stub Sneisen
Graphics by Bryan Foerster and Josh Sigurdson
Visit us at www.WorldAlternativeMedia.com
LIKE us on Facebook here:
Follow us on Twitter here:
Help keep independent media alive!
Pledge here! Just a dollar a month can help us stay on our feet as we face intense YouTube censorship!
Buy Tickets To The Historic ‘Red Pill Expo’ in Montana!
World Alternative Media
“Find the truth, be the change!”