by Steve St. Angelo, SRS Rocco Report:
Investors tend to forget that the situation in the market can change on a dime. The last time this occurred was in 2008, as the entire U.S. Investment Banking Market went into crapper. Few of the Investment Banking turds that survived the first flush, were absorbed by Commercial Banks.
This created an even weaker U.S. Commercial Banking system which has only survived due to the massive liquidity injections by the Federal Reserve. While the majority of Americans believe the propaganda put out by the Mainstream Media and Financial Networks, a small percentage of investors continue to purchase a record amount of silver bullion.
- I spoke about this and many other topics with interview with Crush The Street below:
This interview was recorded on Oct 2nd, right before some silver premiums started to fall. The title on the video was created by the folks at Crush The Street. While I do believe things can get very interesting in the silver market over the next year, it’s not a guarantee that the silver shortage will destroy the paper price within a year.
I have always stated that owning precious metals is for the longer term. Furthermore, I base my analysis on owning the precious metals (especially silver) due the upcoming Energy Crisis. This is a much different reason than most precious metal analysts.
Please follow SGT Report on Twitter & help share the message.