Today the man who remarkably predicted the collapse of the euro against the Swiss franc warned King World News that a financial wipeout is coming that will shock the world as governments move to control people.
As Ted so aptly points out, the politically connected tbtf bank is exempt from the rules that us mere mortals must adhere too.
As you can read below the trend for hard assets is “ON”. Those that realize that government printing of worthless fiat will only reduce their savings are flocking to the hard assets, especially my favorite, $ilver and Gold.
Call it a speculative mania if you must, but zero interest rates are forcing otherwise cautious cash savers the world over to seek out hard-asset protection for their wealth.
Could the Swiss Initiative cause the paper shorts to implode? If the Swiss do enter the market, perhaps many others will as well.
Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this fascinating interview.
Convert your currency while the ratio is low and you can never fail. The smart money is converting as we speak. If your stack is low when you need some currency then the trouble occurs. Never enough ounces or grams, etc..
More evidence of the obvious manipulation of our markets by those with unlimited resources. Not sure what they derive from holding $ilver in check, but can only welcome the lower conversion rate for physical.
I would not advise waiting too much longer to convert some cash into $ilver. The price discovery should take $ilver back to its old level in the 30’s if not to the moon!
Silver Price Going Electronic in Quest for Transparency – Bloomberg.
This is another source for what we all know as the greatest financial boondoggle of our time. The “fractional paper metals market racket” perpetrated by the criminals at the COMEX.
Experts cited in this report note that the trading volume of the Shanghai Futures Exchange and Shanghai Gold Exchange are nearly three times higher than the volume at the Comex in Chicago, and claim ‘investors are beginning to realize the Comex is nothing but a paper rigged market so they are moving to Exchanges where one can actually acquire physical delivery.’
