| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Q&A with Mr. Silver Market
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
goldsilverworlds.com / Gary Christenson / February 11, 2016
Q: Most people do not value silver and prefer to invest in bonds from big governments. Why?
A: Most people would prefer to follow the herd because following the herd is comforting and often correct. Occasionally it is disastrous. I suspect the next few years will see the herd slaughtered. (Bubbles always pop and bonds are in a bubble.)
***
Q: Silver has gone down for almost five years. Will it continue to drop?
A: Probably not, but if you are stacking for the long term, you care little! Silver was valuable and minted into coins 2,000 years ago in the Roman era. It will remain valuable 1,000 years from now, long after the Federal Reserve, the EU, the Bank of Japan, and dollars, yen, euros, and pounds have been forgotten.
***
Q: The global financial system is based on debt and is no longer backed by gold or silver. Why?
A: Banks are far more profitable if they are not constrained by a gold standard. Also politicians can easily spend, buy more votes, and receive payoffs under a fiat paper currency system not backed by gold. Military contractors profit from the wars that would probably not happen under a gold standard. Borrow and spend is the “battle cry” of politicians and bankers because it works for them – at least for now.
The post Q&A with Mr. Silver Market appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/15/qa-with-mr-silver-market/
