We hosted Steve St. Angelo for a fascinating, if not startling, look at the big developments that look to have the west – and possibly the entire world – headed for an unexpected collapse.
When the system finally starts to unravel, the speed at which it will unravel and how it takes down the fiscal economy will be breathtaking.
FOFOA and its hardcore followers look at the world through shiny gold-colored glasses. The folks at FOFOA believe the future value of gold is heading to the moon, while silver gets flushed down the toilet.
Here is one of their excerpts:
When the coming paper illusion price of gold is destroyed, sending its trading price way up and way down, several times, before shutdown… the thinner paper markets of lesser metals will be absolutely devastated. Yes we will see $50.00 silver in our time… $50.00 for a hundred ounce bar that is! No less a relative price decline for the other metals is in store. Even if these actual dollar numbers prove incorrect… relative inflation adjusted prices will show the exact same ratios to gold. The gain will truly be in gold!
In the MUST READ article below, SRSRocco delivers FREEGOLD an intellectual smackdown and makes the case for MUCH HIGHER silver prices:
With the rapid fall in the price of oil, the primary silver miners production costs declined in the first quarter of 2015.
How much? Well, actually a bit more than I forecast:
As it pertains to silver, something big is taking place in India. While investors were amazed by the massive volume of Indian silver imports last year, 2015 may turn out to be a real whopper. Indians are buying so much silver, they are on track to surpass 2014’s record by a wide margin.
So, how much silver is India importing?
The amount of fraud taking place in the major banks throughout the world is staggering to say the least. Ironically, the only market that isn’t manipulated, is the silver market… so they say.
When we add up the total fines and settlements paid by the Banking Industry since 2009… it’s a serious amount of fiat currency.
How Much? Amazingly, the major banks paid more in fines than the cumulative value of all silver mined since 2009.
Just think about that for a minute.
The amount of fraud and criminal activity at these major banks forced them to pay fines greater than the value of world silver mine supply.
While demand for U.S. Silver Eagles declined a bit during the first quarter of 2015, the Royal Canadian Mint sold the most Silver Maples ever.
Investors need to realize the GREAT FINANCIAL FIRE is coming.
It’s best to make sure you have physical gold and silver insurance BEFORE the fire destroys your financial home.
There is no limit to how high the value of gold and silver could reach as the Greatest Paper Ponzi Scheme in history collapses.
Something strange is going on in the silver market. There is no reason the U.S. should be importing a record amount of silver bullion as Silver Eagle sales are flat year-over-year, industrial silver consumption is likely lower, and the COMEX silver inventories didn’t really increase that much during the first quarter of 2015.
This makes the huge increase in the Commercial Net Short quite interesting. Something BIG IS ABOUT TO HAPPEN TO SILVER.
The real question is… WHICH WAY WILL IT GO?
Steve St. Angelo (SRSroccor) joins me to cover the very latest in the gold and silver markets. As we note, Bloomberg’s mockingbird journalist Nicholas Larkin recently wrote that if China could obtain 10,000 TONS of gold, it would justify a re-pricing of gold to $64,000 ounce. However, Larkin argues that China has well under 2,000 tons by referencing the nation’s last official report from 2009.
Steve and I discuss how it’s far more likely that China already has 10,000 Tons of gold NOW!
So… what happens to the gold price once China officially updates its six year old “official” number… huh Bloomberg?!
Many of the top precious metal analysts state that gold is the premium asset and insurance hedge during a financial collapse. We hear this time and time again. However, if we look at the data during the near collapse of the U.S. Banking and financial system in 2008, gold wasn’t the most sought after precious metal:
Americans would be quite surprised to know that even with all the U.S. Government sanctions and threats of war with Russia, we still import a significant amount of petroleum from the former communist country.
How much petroleum does the United States import from Russia? Actually, a lot more when we focus on net imports.