TheDoberman
Veteran Member
Great video on how India and China are buying contracts in the COMEX. These aggressive buys will potentially push the metals up and break the banks shorts on the metals markets. This is one of the most knowledgeable guys I've heard talk about this.
I want to further the discussion with what are you doing? I've been trying to buy as much silver as I can from my local shops. I went to two shops this weekend and one was completely out of generic and American Silver Eagles. The only thing they had was a few expensive, collectable Morgan Dollars. Other than that, they were out. The other store I went to had a few American Silver Eagles that they had purchased from a recent acquisition a day or so before, but they were out of almost everything else. The physical supply is really getting short.
The world monetary systems have been destroyed through excessive printing. I think hard assets(those can be several different things, not debating which is best) are going to be the only thing that can stand through a collapse. What really confuses me is why we have several different countries including the U.N. basically asking us to start printing again. It doesn't seem like we're interested in doing that. I have this belief we are purposefully crushing world monetary systems this time. I think the U.S. knew this would happen and that's why we artificially kept asset prices depressed for decades. Hopefully we have been accumulating under the radar, otherwise we are going to be really screwed.
That's just my take on the situation. I'm interested in hearing yours.