Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
There were two other periods in history that similar situations occurred, but gold actually was warning of a system collapse (or system bank run, if you will)
There were two other periods in history that similar situations occurred, but gold actually was warning of a system collapse (or system bank run, if you will)
A comparison to the 70s situation will eventually tell us a lot about the current condition of the monetary system.
A breakdown of the US dollar would be a great confirmation of a sustained silver rally
The conclusion to draw from this: things take longer in the current period, but they go higher.
Until a significant portion of these debts is repaid or defaulted on, it would be foolish to talk about a top in precious metals.