I have been pondering this $64,000.00 question for years and this is my theory of,
Why won’t the silver and gold prices move higher?
You would think with all this money printing and lending going on the prices should be skyrocketing, so why aren’t they? The conclusion that I have come up with is the central banks, bullion banks, big banks and government agencies in the western world are working in unison to not only control the precious metal prices but all commodity prices, in doing so they can hide their massive inflationary policies.
If the price of essentials were to skyrocket like they did in the seventies, they would have to raise interest rates to alarming levels to contain these price breakouts. The consequences of higher interest rates would wreak devastation on the entire global economy almost instantly into a situation that has never been witnessed in human history. Then the question arises where is this massive inflation going? I think this inflation is deliberately being directed into property and share markets, to create the wealth effect to keep people borrowing and spending because they think they are much better off.
This can also explain the meteoric rise in crypto currencies, People who are smart enough to see what is happening have been deliberately turned off the precious metals, and the only alternative to get out of this controlled system is in the crypto’s. The main problem for the controllers is they don’t have a controlling mechanism for the crypto’s and their massive inflation is starting to go from a trickle into a torrent. This massive inflation of the crypto’s is the modern version of the canary in the coal mine, and in my opinion is just the start of a tsunami of capital looking for a safe harbour. The ultimate safe harbour for the last 5000 years has been silver and gold, and when this levee gives you will not believe the prices the metals will achieve.
Do you have your silver and gold yet?
Thanks for your visit and time. Cheers