Commodity Trade Mantra

Posts Tagged ‘Fiat Currency System’

Gold and Silver Are on Fire! Uncertainty Abounds!

Both gold and silver are on fire & have been moving significantly higher over the past week, proving to the world again that they are a true safe haven in times of historic uncertainty, despite what the mainstream media & the financial elite would have you believe. Uncertainty will be the name of the game going forward, & if there is one market that loves uncertainty, it’s the gold and silver market.

Silver Market Crushed & the S&P Levitated: Both seem likely to turn soon

Confidence is what holds the unbacked fiat currency system together. Confidence can evaporate rapidly, though unpredictably. When confidence fades – real money, hard assets, and commodities, such as gold and silver, real estate, diamonds, and base metals, will shine. The silver market has been crushed and the S&P has been levitated. Both seem likely to turn soon.

How Is Gold Impacted By Runaway Debt?

The world now sits beneath a mountain of debt worth $200 trillion. If gold backed total global debt 100%, it would be valued at $33,900 per ounce. It’s unlikely that gold will ever reach $33,900 per ounce—or even $12,000, as James Turk calculates—but the fact that supply has not kept up with debt levels suggests that gold prices might very well rise.

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