Editor’s Comment: Can they hold back gold and silver prices forever, despite obvious manipulations of the price? Maybe. It remains to be seen how much brute force and ridiculous propaganda can hold back the pressure piling on the fiat currency system, and an economy that is skewed to produce cream for the 1%.
More likely though, at some point, they won’t be able to hold gold and silver back any longer. Most analysts peg the real value of gold at over $5,000, though the market doesn’t come anywhere close to that value, with banksters trading on futures and messing with the price point. During a crisis, or a long-standing emergency, and one where goods and essential services are lacking or no longer available, the true value of gold and silver as lasting commodities will once again shine through – it could be used for barter, debt payoffs or collateral for barter of smaller or perishable items including food.
Regardless of all the funny business with the dollar, the propping up of the stock market and the push to move more and more onto the grid, precious metals can hold their own when allowed to do so.
Will Silver and Gold Rally in 2017 Under Trump?
by Steven Maxwell
Unstable economic conditions and a Trump presidency may cause a rally in precious metals.
Trump’s protectionist policies and his support for auditing the Federal Reserve could make silver and gold an attractive hedge in 2017. Couple that with a bubble economy that has many bloated sectors ready to be pricked, sending capital flooding out of paper assets into safer places.
Under Obama, silver hit a low of $9.46/ounce on November 6th 2008, a mere two days after Obama was elected as the 44th US president. After an epic real estate and stock market meltdown led to an unprecedented Fed bailout, a rally for paper assets and metals ensued. Silver hit highs above $50/ounce in April of 2011. While Obama readies his exit from the White House, the stock market continues to ride the stimulus bubble, but silver has substantially retreated to near its lowest price under his Administration – $16.80/ounce.
This post was published at shtfplan on January 18th, 2017.