The Ice-Nine Lockdown

I am often asked, ‘Does Ice-Nine put gold at risk of lockdown or confiscation?’
First, Ice-Nine is a phrase borrowed from author, Kurt Vonnegut. Vonnegut wrote a book in the early 1960s called Cat’s Cradle, and it’s a doomsday scenario.
In Cat’s Cradle, a doomsday machine is created. Scientists discovered a molecule called Ice-Nine, very similar to water (HO) with two differences.
Number one, it has a melting point of 114.4F. Which means it’s frozen at room temperature. The other characteristic is if a molecule of Ice-Nine comes in contact with a molecule of water, the water turns to Ice-Nine. In other words, it turns to a form of ice.
The plot of the book was that there was only a small amount of this Ice-Nine and the scientist gave it to his three children in vials. As long as the vials were sealed, it was all good. If you open the vial and pour the Ice-Nine into a stream, the stream would freeze, then the lake would freeze, a river would freeze, a ocean would freeze, the entire plant would freeze. We would be in a new ice age and life on Earth would be wiped out.
It’s a doomsday machine.
I took that as a metaphor to explain what’s going to happen in the financial system and the next financial crisis. This is really what my book The Road to Ruin is about.
(I describe all the critical details in The Road to Ruin. Go here now to get your copy for free, instead of paying the full $23).
Physical gold and silver are the answer to Ice-Nine. I don’t think they’re in jeopardy in an Ice-Nine scenario. I think that gold and silver are one of the ways to survive Ice-Nine.

This post was published at Wall Street Examiner on January 23, 2017.