Quick facts:
- like many other nations, America is sinking in dept, but America is also the world's reverse currency used to trade oil, gas ....etc.
- The USA's currency is weakening, in fact since the early 1910s the dollar has lost over 95% of its purchasing power.
So what on earth will it look like when the dollar collapses under its trillions of dept?, well it's going to be bad, that's not the main issue, my attention is on the chain of reactions that will occur of every Currency, Stock, Futures, Bonds and Derivatives market, you name it, it will all crash big time. while all of that wealth will be rushing to the commodities gold and silver which is safe ground.
On top of the gold & silver price going to the moon, I should also mention that the commodities market is full of gold and silver that doesn't really exist, traders at *cough*(JP Morgan) have flooded the market with gold certificates backed by gold which doesn't exist. I wonder what will happen when it comes time to pay up the physical gold.
"Hmm reminds me of the situation which occurred a few years back between Germany and the Federal reserve, when Germany tried to reclaim their gold but was told that they can only see some of it, they can't touch it, they can't check the gold's serial number and it will take around 7 years to deliver their own gold back to them.
So there is actually less gold and silver in the world, funny enough the Chinese are not only buying records amounts of physical gold, but they are also encouraging their citizens do the same and invest in the physical metals gold and silver, while also slowly dumping their dollar holdings.
It's funny how here in the west were selling our gold, we're encourage in adverts, high street.. Etc to pawn our gold jewelry no matter what the condition to send it for quick cash, but no one has ever asked why do they want my gold so badly. Well it's because they understand just how underrated gold is right now. But silver on the other hand in my personal opinion is more valuable than gold, but that's another story.
Why are we not doing the same as China and the rich to protect our wealth, by educating ourselves and buying physical gold and silver to store our wealth instead of having a savings account?