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BUCKLE UP: Greyerz Says Swiss Refiners Confirm Supply Of Silver Is Now Extremely Tight

BUCKLE UP: Greyerz Says Swiss Refiners Confirm Supply Of Silver Is Now Extremely Tight

KingWorldNews.com

April 28, 2019

As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies told King World News that Swiss refiners have confirmed with him that the supply of silver supply is now extremely tight.

Gold Is The Ultimate Money

April 28 (King World News) – Egon von Greyerz:  Why do 99.9% of investors not own gold? Due to my interest and activity, I clearly meet a higher percentage than the 0.1% who both understand and own gold. But I also meet a lot of people who have been indoctrinated by the media and their investment advisors about gold’s uselessness. Most of these people don’t understand gold and don’t know the history of gold, nor its role as money.

So let’s list some of the facts without being too long-winded:

Gold has been money for 5,000 years

Gold is the only money that has survived in history.

In every major crisis, gold has been used as money.

In all periods of history, fiat money has always lost 100% of its value. Fiat means money issued by government not backed by anything as opposed to gold or silver.

For example, during the Roman Empire, the silver coin — the Denarius — went from almost 100% silver content to zero during a 100 year period.

The same has happened to all major currencies today like the Dollar, the Pound, the Yen, and the Mark/Euro. Since the creation of the Fed in 1913, all currencies have lost 97-99% vs gold. Thus, there is only 1%-3% left until they have lost all their value. This is guaranteed to happen in the next 5-7 years as the debt and asset bubbles implode and governments print unlimited amounts of money in a futile attempt to save the financial system.

In the 2000s, gold outperformed all major asset markets, including stocks.

All the above are indisputable facts. But no government or central bank will ever admit to it since the total debasement of a country’s currency shows the failure of the their economic policies…

The Rest…HERE

Source: BUCKLE UP: Greyerz Says Swiss Refiners Confirm Supply Of Silver Is Now Extremely Tight

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