Afternoon everyone....
I know that we’ve all been through a very dramatic period over the last twelve or so months. We’ve been out of our normal routines, stuck at home, no travel or socializing. It’s completely against our nature.
We’ve also been watching this crazy rollercoaster ride in all of the markets. House, stock, precious metals, cryptos, bonds and the dollar.
While there has been a tremendous amount of turbulence. We have all managed to ride the up and down waves as they come.
But are you ready???
Because the wheel are about to come off the tracks....
There is about to be another round of stimulus coming. Which will add another 1.9 trillion, yes trillion dollars to our already insane defect of over 3 trillion dollars. That will almost double our current debt.
Yet....
The US dollar index keeps climbing higher. How is this possible? When the Federal Reserve is about to print 1.9 trillion dollars more. The current US dollar index stands at 92.03, this is the highest it has been since June of 2020. And if it somehow goes above 93 it will be higher than prepandemic numbers.
All this fake money being printed and put into circulation. Yet the precious metal markets are being bludgeoned to death. Gold has breached the support line of the all important $1,700 level. And silver smashed right through the $26 level, barely holding on to the $25 level with one finger as I type this.
There is practically no physical gold or silver available to buy. But if you do want to buy gold now, you will be paying a 12-18% premium for it. Now silver is even worse. If you can find silver, you will be looking at anywhere from a 28-40% premium.
Historical premiums on gold over the past ten years has been between 3-5%, and silver 4-8%. With silver having many dealers running specials of silver at spot.
This is how insane it is...
If you are currently able to find and purchase silver. You will be paying over $33 an ounce or higher. In the last 50 years the silver price has only been higher then $33 three times. Two of them were during a market crash, and the other one was the Hunt Brothers trying to corner the silver market. Which backfired in their face.
That means that if you are currently buying silver, you would need a gain of nearly 40% to be out of the red on your purchase. How insane is that?
Top economists and financial advisors can’t explain anything that is going on. How can this continue, without massive repercussions?
The world is circling the toilet bowl and it’s about to be flushed.....
