Silver

This interview starts by Lynette reminding her audience of Egon’s view that financial and economic risk in the world was getting uncomfortably high already 20 years ago.

Mine closures and selling restrictions are causing shortages of precious metals in the retail sector, but ETFs are experiencing large inflows of funds. Where do they get the gold, if at all?

Devaluation of major fiat currencies versus gold since 1900. The dollar devalued by 98.4% to gold.

A Hyperinflationary Depression has always been the inevitable end to the biggest financial bubble in history. And this time it will be global. Hyperinflation will spread from country to country like Coronavirus.

With the ongoing financial meltdown, demand for precious metals has exploded while at the same time, supply has abruptly dried up. Prices will not stay long at current levels. Expect some great surprises in May-June.

Whoever doesn’t learn to dance in the rain will struggle to survive the virtually non-stop storms that the world will experience in the next few years. The abrupt downturn in the global economy, triggered but not caused by coronavirus, came as a lightning bolt out of the blue.

What's the point of holding dollars (paper) if you can't buy physical gold ? It's a bit dangerous to think that one will be able to time exactly when to make the move from dollars to physical gold.

Mining in Mexico has been shut down by government decree until the end of April as part of measures to contain the COVID-19 virus outbreak, having not been granted an exemption as an essential service.

Are we witnessing the end of "paper" gold with the blatant disconnect in between futures (paper) and physical market ?

With very little physical available and demand substantial, there is soon likely to be pressure on the paper market. Investors who have bought gold and silver futures will be concerned of the contracts being honoured and ask for delivery. What we are seeing now is probably the beginning of the en...