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Sask | I remember reading John's posts years ago about metals, they were quite beneficial and got me looking into our privately run central banking cartel.
And that there is the reason why it is different than past run ups. Sure, the mechanisms are still in place to pound metals down, but what is different is people are understanding what the banking cartel has done. The banking cartel has flooded the financial system with cheap debt and massively destroyed the value of the currency - known as inflation for the layman. But now the layman is understanding where the currency is headed. It is why farmland keeps being bought up when the productivity of it does not pay a return that says buy. And there are many people who don't have access to farmland as a shelter from currency destruction and also want something different then stocks, because stocks are also valued in currency. And so metals like gold and silver are getting more attention, primarily because people are understanding that owning assets are becoming more and more important because nature of the system and those who pull the levers.
While most don't understand why the currency is being constantly devalued, they do understand it is happening and looking to convert currency to something else.
I am not in the camp of sky high silver prices, but when all in cost of production is above $20 and perhaps reaching $40 to meet demand, then I don't see $60 being unreasonable for a few years. And that means a drive well beyond $80 is not out of the question. | |
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Silver again
