Hording ?..no they have to have something to cover the massive loses they will take when all the US'dollars they are holding go to zero. Bullion will not be backing anything but it will still hold wealth. The new currency will be totally backed by an illusion of wealth based upon greed.
I will be making one last video on bullion in a week or so.
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That's what we have now, I mean the dollar isn't backed by anything but a promise to pay back a debt. ever since they took the US dollar off the gold standard, its plummeted to nothing, and these greedy bastards printing more out of thin air.
Nothing amazes me that you get a loan from a bank that gives you the money to buy a home with money they don't even own....but looking at crypto currency, its just what we the people want to believe in. people trading in useless dollars, taking the bankers out of the picture and distributing the wealth that they believe in, among themselves into a wealth of their own.
I still say gold and silver will play a major part...but yes the dollar is going to fall. i will look forward to your video.
Yep I agree....think of it like this ..If your going to pull the biggest scam in the history of man kind you sure don't want an honest man standing around showing everyone it's a scam.
Bullion is that honest man..fair waits and measures must be concealed at all costs to allow the scam to work. I don't think they will ever let that honest man speak again...bullion will remain imprisoned.
But what I think could be the fly in the ointment is the fact that the USGS has targeted silver to be the first element on the periodic table to effectively go extinct, at least in terms of its ready availability via conventional mining. Couple that with its massive industrial use base, and we're talking actual, practical, supply-side constriction that puts enormous pressure on price.
Gold is mostly a store of wealth, and the "barbarous relic" argument holds some sway among those not schooled in monetary history. If all the gold disappeared tomorrow, to many it would scarcely matter. But silver... now we're talking about how to go forward with the device and gadget industries, the solar industry, and a plethora of other modern cornerstones of our advancing tech world without ample supplies of the most electrically and thermally conductive, most reflective of all metals.
Metals are indeed the long play, and at my age I'm thinking it might well be the grandkids who reap the benefits of my stacking. For my own wealth-building, I'm increasingly betting on cryptos. But at these smacked-down prices, I'll continue to stack, you betcha.
As a hedge against inflation and store of wealth it's pretty hard to beat agreed.
As far as the laws of supply and demand go, the laws have become totally irrelevant to silver. If the laws had any relevance , silver would have been at least $200 an oz years ago. Bullion is the globalists pet hate. They can't kill it but they sure will punish the crap out of it for as long as it suits them and that as far as I can see is at least until the new global single currency system is in place.