I think I know why gold and silver are “going down.” Investors are worried that their banks may either go broke or steal balances from their accounts because the sovereign government doesn’t have the money to bail them out anymore. Investors are also worried that their sovereign government itself may be dragged down the drain and may default if they can’t print enough money to pay the bills. For those that can print, investors are worried that the central bank may not be able to print enough. It all adds up to one thing… investors worldwide are giving up on precious metals… Investors are selling metal to obtain paper currencies as there may not be enough of them to go around!
We know this how? Because the demand numbers for metal are far outstripping known supply so they must be bogus. “Price” tells all and the price is going down so everyone must be selling. Never mind that delivery times are beginning to lengthen (7-8 years in the case of Germany) and that premiums exist… the price is all that matters. But seriously, this is happening after the Cyprus banking implosion? While North Korea is rattling Sabre’s loud enough for the U.S. to move and deploy various Navy assets? In the face of record global demand for both gold and silver?
I will say this, there is “something” out there that is very VERY bad about to be exposed. If there were not, there would be no need to blatantly and publicly trash the metals and force them 180 degrees from what common logic, common sense and history tells us their prices should be doing. Don’t be fooled, if you have any dry powder at all, back up the truck and buy as much as you can. I will leave you with these questions. If you were in charge of “pulling the levers” and knew that you had to revamp the currency system, wouldn’t you try to scare as many as possible out of and away from the only thing that is REAL money? Wouldn’t you trash the “price” to get as many to sell prior to closing the markets and shutting the serfs out of protecting themselves? If you don’t know the answers to these questions then you are probably a “good” person and cannot imagine the evil that is running this show.
Bill, I agree with you 100%.
For years I have personally believed that the closer we got to the end game (aka “THE CRASH”), that the gov’t would drive down gold and silver to protect their ponzi paper dollar to the last day possible.
I don’t know the timing but I feel they are frantic behind the curtain.
Since the price of gold and silver is controlled by the paper shorts (i.e., JP Morgan, HSBS, etc.) on behalf of the gov’t, they can set the price from zero to a million per ounce by a few key strokes.
I would not be surprised to see silver go back down to $20 an ounce, but if it does you won’t find any for sale.
I bought when it was in the 40’s before it went to $50 and then was crashed on purpose. However, I’m very happy to have it because I know where it is going in the next few years or sooner. Buy at $40 makes no difference to me as I’m only interested in ounces at any price.
Those that set on the side lines thinking they will buy more ounces when it goes back down to the low 20’s won’t be able to get any ounces and they will be the ones still holding the bag with ponzi paper dollars.
I know the end game is coming, I just can’t put a date on it.
Best luck to everyone who is trying to protect their wealth.
Hi Bill,
I agree with your sentiments but would add that the authorities perceive that higher PM prices would signal to the community at large that a problem exists in the economy. Virtually all other statistics are manipulated to such an extent to almost render them irrelevant. It is a natural response for any market paticipants to seek shelter when storms are raging.
Not long to wait. Hold tight.
…which was the original rationalization for suppressig prices in the first place. Gold is a “political” metal, always has been and always will be, central banks don’t like it and fear it because it is honesty in a dishonest world.
Ohh come on. When the price of gold goes UP, its beacuse it has to. When it goes DOWN its manipulated. The end game is not near,PMs will go alot lower. SELL gold, and get into stocks!
…AND if the prices go lower…will there be any physical avalable for purchase?