Some of you may already know that I'm a HUGE silver bug. More like a hoarder. Every chance I get I put money into bullion. I know one thing. Everyone will be VERY surprised when Silver and Gold make their runs up. The U.S. National Debt Clock states what I wrote in the head line of this article. The silver to dollar ratio at $846 per troy oz, and gold respectfully at $6,981 per troy oz.
So, what in the World is this clock and these outlandish quotes tell us? Respectfully at the current rate of dollars out in circulation and all digital dollars the metals should be at these levels. What happens when gold and silver depart ways with the Comex (Paper trading manipulated monster)? Well, it will be a day that will astonish the World as we know it. Did you know at the Comex for instance, there are literally around 500 paper contracts for 1 oz of silver, if you were add up all the paper receipts on who owns what in the Comex then it basically comes out to 500 people owning the same troy oz of silver. A contract of Silver is actually 5,000 troy ounces. Divide all the silver inventory with those that have claim, and the math comes out to roughly 500 people owning the same 1 troy oz. I can't state this enough so sorry for the redundant remarks about the numbers. Its mind boggling. What happens when people want their silver and ask for delivery? BOOM. The Comex will lock their doors and pay those individuals a cash settlement of what the silver was worth at the time they tried to get their silver out of the facility.
What I'm trying to say is that silver at its current level of $17.77 per troy oz is really a no brain'er. That is why everyone, if they want to own something "REAL" should buy and hold physical precious metals. When things "hit the fan" will the internet even be up and running? Will you be able to access your crypto accounts? That is the million dollar question. So I suggest... DIVERSIFY. Don't put all of your eggs in one basket. The Fox just might be around the corner and he is usually hungry. I hope this little description of things has helped you wonder if you should be buying. Listed below is the link to the U.S. National Debt Clock saying Silver and Gold are at the current levels of the Title.
Open the link, look to the right of the page and scroll down. There you will find this eye opening wonder.
http://www.usdebtclock.org/
So, Go by some metals and put them under your pillow. You WILL need them in the future. You can that to the "bank". No pun intended of course. Have a great day.