Dedollarization

Financial and precious metals expert Egon von Greyerz is sounding the alarm about record breaking global risk and warns, “With this risk, people have to take insurance."

The shortage is here. It is a fact. In the weeks to come, you should find many articles to read about the growing delays in delivery of silver. There should be real problems for delivery at the end of September and the beginning of October.

The silver price is still under $ 16 today, but it won’t last long at that level. With an open interest around 1 billion ounces on the Comex, there will be a huge SHORT-SQUEEZE before the end of the year. Remember, the rule for silver as for gold : if you don’t hold it, you don’t own it.

With debt bubbles in the US, Europe, China, Japan and Emerging Markets, the world is likely to drown in printed money in the next 2-5 years. At that point gold could easily be 175 million Dollars, Euros or Yen. That level is of course meaningless in real terms.

For the yellow metal to constitute real wealth insurance, it must be acquired through a commercial partner in position to offer a certain set of guarantees.

It is absolutely unreal how the world pays so much respect to mediocrity or even incompetence when it comes to running the financial system. Central banks and their heads have created this monster balloon which is now waiting to be popped.

France will not publish a list of countries holding its public debt, contrary to the United States, for example. But we have nevertheless found, in exclusivity, some data.

Why was Russia dumping USTs and what will do with all the funds it garnered from liquidating US debt instruments?

The fractional banking system is soon coming to an end with the most massive bang. Holding physical gold seems like an excellent idea.

In another post, we saw that mining shares, being shares mainly (with high volatility and the risk of losing 100%), cannot be put on the same level as physical gold. Is it also the case with “paper gold”?