by Bill Holter, Miles Franklin:
I spoke yesterday with David Schectman and he told me that he had a “moment.” No not a senior moment, the type of moment where all of the noise and hype seems to go away. He told me he had a “clarity” moment. There are as you know many many signals pointing to gold and silver being way undervalued. There are also many “footprints” along with clear motive that clearly point to manipulation of price. I try to point these out on a daily basis in the hope that people will have a better understanding (and thus less fear and confusion) about why it is imperative to own gold and silver.
The meat of the conversation yesterday really was simple and to the point, when you look at the “numbers” it will be self-fulfilling. David said to me, “It really boils down to who is right. Are the Asians, Indians and Russians of the East correct or are the peoples of the West correct?” In a nutshell, the East is buying and buying BIG while the West is supplying this demand from cobwebby inventories, it is this simple. Is the West “fooling” the East into buying a barbarous relic? …Or is the East fooling the West into emptying their inventories? You know where I stand on this and I would simply ask “what happens when the Western Gold runs out? Then what? Please remember “why” the nickname “King Dollar” came about. Yes, because we were the strongest military power in the world AND…because we “had” the most gold in the world.
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