Current Gap - Controlled Paper Metals Vs Physical MetalsWall St, hedge funds, Wall St Banks, US Central Bank, Non-US Central Banks, BIS (Bank of International Settlement)........, take your pick. Together, a finely tuned orchestra, playing the tune ``Dow Jones, my Ponzi friend``.
Who needs gold and silver anyway. It is nothing but a 5,000 year old barbarous relic. Who cares if the world`s debt (private and public) have gone from $140 trillion in 2008 (the financial crisis) to roughly $240 trillion today. Who cares if the US Fed Gov`t dept is $20 trillion, and increasing by $1 trillion each year (due to shortfall in tax rev vs annual expenses), and Donald Trump will likely add another $5 trillion over the next several years from programs like infrastructure spending and military spending, etc. (which will have some impact on jobs, productivty and such, but not near enough to overcome the fundamental problems) - could bring the US debt to $29 trillion ($20T + $4T annual increase + $5T Donald Trump`s programs) in 4 years time. He also plans to reduce taxes, which could lift the debt even higher. That is just for starters.
The case for precious metals is extremely strong. The physical market will take more control eventually, as it did in the 2009, 2010, 2011 timeframe, before the hedge funds jumped in (speculatively) to send the prices violently upwards in the paper market.
Gold:
London Paper Controlled (by deep pocket parties with agendas) Price = US $1,128
Shanghai (100%) Physical Only Price = US $1,179
The more freely traded physical market is currently trading US $51 (4.5%) higher per ounce gold, than the heavily controlled paper exchanges.
Silver:
London Paper Controlled (by deep pocket parties with agendas) Price = US $15.96
Shanghai (100%) Physical Only Price = US $17.91
The more freely traded physical market is currently trading US $1.95 higher per ounce (12.2%), than the heavily controlled paper exchanges.
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