Billionaires Buying Precious Metals
Billionaires Buying Precious Metals
October 10, 2020
Silver could reach $500 over the next ten to twenty years?
James Anderson interviewed on Palisade Radio
Tom welcomes a new guest James Anderson, from SD Bullion. James discusses what led him to discover silver as a child and how he was lucky to learn both the Austrian and Keynesian schools of economic thought in college.
Silver and gold have performed very well this year, but that is expected with the massive stimulus programs. Gold and silver are currently consolidating, but there have been massive inflows of metal into exchange-traded funds. There is room for doubt as to where these ETF’s have managed to source these metals. JP Morgan’s recent fine of one billion for rigging metal prices likely represents just one week of “profits” during their eight years of price rigging.
Warren Buffett is investing in gold and is going against his saying of “never bet against the United States.” Billionaire bond kings like Scott Minerd are becoming big silver bulls. Scott has stated publicly that silver could reach $500 over the next ten to twenty years, and early this year, he recommended silver as the “play of the year.”
James says the idea of having a gold-silver ratio in the hundreds makes absolutely no sense, and he outlines some future targets where one might want to take profits.
He discusses a document from the 1970s released by Wikileaks regarding the US Treasury’s concerns over gold competing with the dollar and how this resulted in creating the Comex.
Lastly, he discusses what a prudent position in the metals should be and why you want assets outside the banking system; when things reach panic levels, that may be an excellent opportunity to sell some physical.
https://www.youtube.com/watch?v=xqtr6spMCGs&feature=emb_logo
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Emailed to Recaps~ Thank you David
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By Reset Intelligence | @EXIT_FIAT
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TNT:
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