The Prosperity Of Gold & Silver In A Dollar Crash!

Josh Sigurdson talks with author and economic analyst John Sneisen about the historical prosperity of gold and silver in a dollar crash scenario as we approach the inevitable end of another fiat currency.
Gold and silver are not meant to be investments, though they have been treated that way in recent days. They are meant to be wealth insurance. So while you can gain value out of them, it’s meant to maintain value in the event of a currency crash.
All fiat currencies eventually revert to their true value of zero. They always have, they always will going back to 1024 AD in China. While we cannot put a date on the crash due to fundamentals being off the table as the currency is so incredibly manipulated, we know it has to happen. Historically, gold and silver have prevailed in dollar crashes. Going back to the Sung Dynasty in China as they printed worthless paper IOUs, gold has been great security for those holding it.
Gold and silver have been vastly manipulated in recent years. In 1933 when gold was confiscated under FDR in the United States, the gold was used to fund the creation of the Exchange Stabilization Fund which manipulates gold prices. Later, remaining gold was used to fund the creation of the IMF.
Since 2012 especially, we have been in an artificial bear market for gold and silver as banks such as Deutsche Bank and HSBC vastly manipulate the price while we also see incredible outflows and inflows of ETFs in order for investors to attempt to make money off of the precious metals.
However, this creates a beach ball effect. When the currency goes down we will see the banks go down. When the banks go down, gold and silver having been held down and undervalued for so long gaining pressure like a beach ball under water will bounce and show itself once again to be a historical store of wealth.

Looking at hyperinflation throughout history, gold and silver have held up. Whether it be the Weimar Republic, Zimbabwe, Croatia or any of the other hundreds of fiat crashes throughout history.

That doesn’t mean that a gold standard is the answer as once again that entails centralization. Creation of more IOU notes than there are gold reserves and again that means dependency on banks and government.

Of course gold and silver should be teamed with diversification in other great competitive currencies. There shouldn’t be ONE main legal tender currency. Cryptocurrencies with good fundamentals have great potential as well. In the end, the market should decide. You, the market. If stores want to trade goats for goods and services, they can. But they likely will not. They will likely conform to using that which is most popular and easy. Gold, silver and cryptocurrencies.

And with that, as so many mention, you cannot eat gold. No, that’s why you must learn to be self sufficient as well. Food, water, shelter, defense, sound monies.

Let’s learn how to insure wealth. Be educated. Be over prepared if anything, rather than underprepared.

Responsibility is the hallmark of freedom itself.

Stay tuned for more from WAM!

Video edited by Josh Sigurdson

Featuring:
Josh Sigurdson
John Sneisen

Graphics by Bryan Foerster and Josh Sigurdson

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2018

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25 Comments

  • David Burton
    Reply

    It is still their money. I like all the moves to make it easier to use precious metals as money, and it is the only means of exchange possible between their universe and Ours, however it is still not our money. Our money would be like this: ecriegel.blogspot.com Best

  • Bobby8270
    Reply

    You guys are defo persistent. Thanks for caring. You’re both good guys. If I lived in Canada wud defo hang out. Still luv the salute John. God bless.

  • David Burton
    Reply

    Since you buy the LIE against Fiat currencies, shame on you for not observing that every single case of a Fiat currency failure is due to the fact that some state or some Bank issued it!!! This is what we call stolen Fiat and yes every single time Fiat is stolen it fails. Learn to look at things from a completely different perspective and get away from and out of their system. Our money not theirs: ecriegel.blogspot.com Best

  • havikshorst120
    Reply

    What do you guys think , the Chinese oil / yuan contract launch 26 march will do for the Gold / silver price ?

  • inder singh
    Reply

    The so called Economic Analyst .What degree do u have to claim yourself an economic analyst? You guys just read a couple of depressing articles and nothing more then that, I think you guys need to shut down your channel. Stop fooling people.

  • First Last
    Reply

    No clue how you guys think “it takes power away from banking system” crypto adds another layer of intermediaries. I.e programmers, devs, hackers and what not. Don’t see how that’s better.

  • Koobee Wublee
    Reply

    The other option to the Weimar Republic was default. That was tested and resulted in the French and Belgium invasion of the Ruhr area. If the US defaults, no creditors would dare to invade the US.

  • Mass hysteria
    Reply

    talk more about history about gold and silver if you want…doesn’t have to be gold and silver..can be any asset

  • Hambone
    Reply

    I don’t hear you guys talk about cryptos anymore now the price is down. And john even stopped mid-sentence saying “people sold their silver and went into cryptos and now…..” now what? You conveniently left out the crypto crash

  • JAAPIOJO
    Reply

    Isn’t the best insurance food? Especially when you can buy in discount.So when you can now buy food with 25% discount you have profit on your money and food.People take risc in stocks for just 10%.Dubbel win.

  • Laura M
    Reply

    yes I would like you John to talk about Chinese oil / yuan contract launch 26 march ; that is an interesting subject, I hope the petrodollar disappear

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