In this video, I talk with author and economic analyst John Sneisen about the recent rally of gold and silver as investors pull 30 billion dollars out of US stocks in 10 weeks.
Gold saw a peak of $1313 USD!
As we see a stock market exodus, it makes sense to see so many people, rich and poor to start stocking up on gold and silver among other assets.
For years we've seen an artificial bear market despite a physical bull market. This is due to rigging and ETFs. Deutsche Bank itself was caught in a court of law twice in 2016 rigging silver and gold prices. Later on in the gold suit, it was found they were collaborating with HSBC, BNP Paribas, Scotia Bank, Bank of America and the list goes on.
From debt and derivatives to debt and central planning, everything today is rigged, but despite all of this, we're coming to the end of a very destructive cycle and once the fiat empire falls which is will, once the stock market plunges which it will (despite artificial bullish outlook) the chains will break on that which is manipulated and we will see a massive rise in gold and silver. We will first see a small downturn first however.
There have been significantly less gold ETF buyups and far more physical lately, so despite the manipulation, we are seeing a steady climb, but we will see a drop before the rocket to 10,000 plus.
The government, banking and central banking system manipulates every angle of life and we must as individuals be financially responsible and protect ourselves from this. Gold and silver have been proper wealth insurance for millennias. With that said, it's important to diversify as well with things like decentralized cryptocurrency like Bitcoin.
It's up to the individual to educate themselves and then take the proper protocols. We will continue to report on these important developments as we see the empire fall.
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Shared on twitter. I am sticking FIRMLY with my Targets of $27,000oz GOLD and $700oz SILVER until someone can tell me how the hell on earth are Governments and Banks intending to fund the Future Liabilities which are now growing at an unprecedented pace and are now over >$750 trillion..!! The Mainstream Bullshit Machine is going to have to try a lot harder to convince a now more informed populous..!! Keep up the great work Josh. Stephen
Thanks Stephen! We're at a breaking point! I personally just want to get it over with. Pull the bandaid off quickly. Then we shall rebuild! Gold, silver and crypto will be a saviour to us!
Hey joshsigurdson,
Thanks for the great content
Another great video. Thanks!
No problem! Thanks for watching!
As always you made good content, purposeful and useful
Do you have any advice for buying physical gold and silver? Should I go to the store in my town where they buy it from people?
Great article let's hope this manipulation ends soon, cheers mike
This may very well be the beginning. Just a little push from China's housingbubble and pandemomium is there!
What will that look like?
First banks will get margin-called, what will imply bail-ins (money from depositors will be used to save the banks), people will start a run on the banks, which will call for the FED, PBC and ECB to close the banks, stock-markets will plunge and trading will be halted by the SEC...
Cash and metals will become king, cryptocurrencies will rise like never before...
Pandemonium, like I said! ;-)
....unless the govts just print more money right?
Thanks I don't really understand any of the technical stuff here. I studied economics and worked in finance so I probably should. Do you think some cc's are considered safer than equities or gold, or in between maybe? Thanks for the info and I hope you have a WONDERFUL DAY!!!
Of course it will be the retail investors left holding the bag again, smart money always out in time.
Postingan yang sangat bermanfaat kawan
Gold currently $1318 and seems to have broken through resistance and is sustaining. If we continue to see tensions increases between N Korea then it could go much higher. Great post again buddy.
I like inverse stocks more than gold, tbh.
For instance, tza is trading at $16 a share, at 2008 financial crisis levels it was trading at $7500 a share!
Very good... it is time the dollar must be go away ..
It looks very likely that at the end, there could be a gold-backed RMB as the new global reserve currency.
In agreement with stephenkendal altho I don't know if the dollar amounts are in line. I guess I could always hope. What I do understand is the current prices for precious metals are out of whack because I think they're based on naked shorts rather then the supply and demand of the physical metals. Also the ratio between gold and silver appears to be off. Your post gives an accurate picture of what is happening. Thanks.