Do you guys follow Greg Hunter & USA Watchdog on YouTube? If not, I highly recommend it. Here's silver expert, Andrew Maguire's opinion on the coming effects of BASEL-3 rules, and the Bank of International Settlements' upcoming move of physical gold to a Tier-1 asset:
(credit: Greg Hunter, USA Watchdog - YouTube)
Anyone considering doing a move similar to Silver Doctors - selling everything, backing up the truck to the Gold & Silver store, and rolling the dice? It's not a risky move, considering that all of the worlds' central banks increased their purchases of physical gold to 174% in 2018, as compared to 2017.
Furthermore, mine producers have had it planned for a while to start withholding 20% of their production - in order to take larger advantage of increasing prices.
So, we have... strong demand, new advantage with banking rules, peak gold, the FED actually publicly discussing negative interest rates, an inverted yield curve in the broader bond markets, everyone talking about a monetary "reset," and a hard 20% supply reduction coming in the gold market. This is a no-brainer if I ever saw one!
But, still - people around SteemIt are talking about how, "BitCoin is the new Gold?!?!" They are simply, "young and dumb," IMHO. They're heading right where the banks want them: straight into holding a non-tangible "asset." The masses are being herded into electronic dreams while the central banks are buying physical gold. When SHTF, you want to be sure that you are holding the real thing: physical silver and gold.
DISCLAIMER: I am not a financial advisor. Anything in the above content is meant for educational/entertainment purposes only. Do not make trades based on this article. I am not responsible for any financial gains or losses you make in regards to this information.
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