Alex Wong/Getty Images

Alex Wong/Getty Images

Eric Sprott recently joined Matterhorn Asset Management’s Lars Schall to discuss the metals, QE, and how the great Keynesian fiat experiment is likely to end for Western governments.
Sprott claims that the West will one day soon regret all of its financial policies including QE, ZIRP, and gold suppression, and that the major governments carrying out these policies are now insolvent!
When asked by Lars what would be the signal to exit the gold and silver markets and what he views as the top in gold Sprott replied: For me to see a top in gold you would need to see 1 of 3 things: A maniacal blow-off.  2. The Central Planners become financially responsible (not likely).  3. If they finally capitulated and made their currencies gold-backed (which I don’t suspect we will see).  I think we have a long way to go before we see any of those elements manifest themselves.


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  1. A long way to go I believe is correct. As stackers we are an Ant against a Mountain of Dark Powers. A high Minority gang that has discovered that FIAT money is becoming worthless. All we need to do is convince TPTB and the people who believe that it will accommodate the necessities in life will not last is a really tough mountain climb. Convincing anyone under the age of 50 years old that their standard of living is under attack and that things will be better is next to impossible. Until that is taken away, Gold and Silver will not be recognized as a store of wealth, but when it is, all will be far too late…a damndable shame.
    Gold and Silver are rising nicely today and will continue, but to be slapped back again and again regardless of the 75,000 long contracts on Gold by J P Morgan. One can only believe the sinister fraudulent banker has vile means up it’s sleeves.

  2. The people of the west will regret what their policy makers and their masters did to them but the masters themselves and a select few of those politicians will be sitting just fine with the wealth that they stole and the centralized power which they hold over this new serfdom. It was no mistake but carefully set up through the carefully created Federal Reserve System & the repeal of the Glass Steagall act of 1932 for starters. Wealth stolen from the ignorant many and transferred into the hands of the few and a police state to maintain the new order.
    Speaking of the YOM YHWH (Day of the Lord) =Judgment Day in Zephaniah chapter 1 vs. 9:  In the same day also will I punish all those that do violence and plunder, who fill their master’s houses with violence and deceit. (The people who do the dirty work for their masters will not go unpunished for their participitation in the crimes)
    Yah also warns through the prophet Isaiah chap. 5 vs. 8: Woe to them that join house to house, that add field to field, until there is no room, that they may be placed alone in the midst of the land.   Interpetation: warning to those who steal and plunder the people and shove them off of their lands and out of their homes.

    • My logical half would sell 25% and wait for JPM to smack it hard and then buy back in. That would give me my original purchase price for the lot, then I’d start over…..still having 75% of my coins as a bonus.

    • There IS some appeal to playing with the house’s money, no doubt.  But I probably would not sell except to buy some things of real value that I need… a new truck, for example, or some land.  Other than that, spend the fiat!  lol

  3. The west will soon regret all its financial policies mama say mama sa ma ma coo sa what ever.  It was all planned out in advance.  There is no irresponsibility.  I asked my seemingly dimwitted buddy why guys like Schiff and Sprott always say that the FED and the policymakers “just don’t understand” or are “irresponsible”.  I expected some stupid answer because after all my buddy doesn’t buy any Silver.  He’s a dyed in the wool Democrat.  You know what he said?  Of course you don’t.  He said simply “because that’s how you get ahead in life”.  History doesn’t repeat.  It rhymes they say.  From 2001 to 2011 there was a 1200% move in the price of Silver.  There’s going to be a breakout at some point.  It’s going to be sweet.  A lot of people won’t know when to cash out before it gets smacked down again.  They will go back and lick their wounds with a stash that only appreciated 500%.  We can all cry a river again then.  

    • Exodus 20:3-5: “Thou shalt have no other gods before me” …
      I vilify no one, God is the one who condemns those who blaspheme His name by worshiping a false deity that attaches His name (Yah) to the satanic Canaanite “Baal” and Egyptian Sun God “On” (aka Ra) by calling him JahBahlOn.
      God is the one who condemns those who worship Osiris/JahBahlOn, I just inform you about the fact that God is angry about it and is offering the opportunity to repent of your paganism (Hey,  Manly P Hall and Albert Pike called it paganism veiled in Christian phraseology before I was even born).

  4. TPTB will control this burn and won’t allow the masses to feel their current leaders are to blame for the breakdown of markets, justice and society- though we’re damn close. No one will regret ‘poor financial policies’ if it can be first blamed as an attack. They’ll redirect the mass of anger to a straw-man, a scapegoat for our financial armageddon. China, Russia, Iran or other. An attack on the financial markets or a population, whether real or staged to cause pandemonium would be the new nine-eleven. People will rally behind their leaders and demand military retribution, demand their zero balance accounts be recovered, demand faster FEMA food lines and demand the militarized police quell the uprisings during rioting. Perfect storm for a true tyranny to step in and ‘stabilize’. It’s all planned, our current leaders will not blamed and the Hegelian dialectic rolls on. It’s Rome v2.0

    No way to fix this right now and we all know the outcomeJust stack real assets & prepare.

  5. He’s gonna be right at some point, the only question is how biblical things are going to get. I’m more ready than the averag guy, and if it comes down to being bad enough to meet my maker, then that’s fine.

    p.s. be careful if you go to brotherjohnf’s site because someone looks to have gotten sick of him posting pics or articles because they relinked a gay porn pic LOL!

    • Mary, I have thought the same thing.  I have some extraordinarily liberal neighbors (with whom I’ve given up discussing anything of importance -life-long debt, economics, the Fed, etc.), but they just cannot fathom that they are going to be on the short end of the stick before you know it. Even regular, otherwise intelligent folks just don’t want to hear it…any of it.
      Just bought 10 more ASEs this afternoon, so I’m feeling better about things.

    • Anyone planning to “foreclose” on a gang with 10,000+ nuclear warheads and the systems to deliver them anywhere on Earth had better have one helluva Repo-Man!

  6. Off topic but I rreviewed the S&P chart. It looks like No Neck Joe with a huge Gallic shrug off his right shoulder.  That cannot bode well for this ‘important’ index.   I fear more for those who bow and scrape before this Plantation Scrip idol.   We obsess over the gold and silver price, BTC on a good day, but with 95% of the people flatulating over the S&P index, they will be sorely disappointed again, after the last 2 dumps, when their idol is found once again to have feet of clay.  Sad to see this happen but they worship at a paper altar.

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