by Michael Noonan, Edge Trader Plus:
It really matters little what the charts are saying about the paper futures for gold and silver here, which we will get to shortly. The focus needs to be kept on a few facts that are inescapably true: fiat currencies throughout the history on this planet have always, always failed, without exception, 100% of the time. There are few situations for which such a statement of guaranteed [failed] performance can be made.
It is any different this time? Yes and no. No, because all fiats have failed, plain and simple. Yes, because the extent to which there is no reasonable reality in the relationship between paper and physical has never occurred to the current degree, ever.
In times past, gold and silver were used as a form of money somewhere in different parts of the world, but not today. The Rothschild system of controlling the supply of “money” has been honed to [im]perfection where the world is dominated by the moneychangers, the entire world. It is fiat, fiat, fiat. No country trades using gold or silver as true money. The moneychangers, the globalists have driven gold and silver out of everyday existence, physically, to a large degree, psychologically to an even greater degree.
In 2013, those calling for a change in the price direction for gold and silver for that year or at least into 2014, were proven wrong. If not by 2014, then surely big changes would occur in 2015. These expectations were being made by some of the smartest and most respected individuals in the PMs community.
Surely the reality of shrinking supply and unabated demand would prevail over the specter of unimaginable fiat production and phony central banker QE-to-infinity measures would mark 2015 for much-needed change in the failing world-wide financial system predicated on the privately controlled and managed Federal Reserve Note, commonly and mistakenly called the “dollar.” One can legitimately question if any change will occur in 2016, at this rate.
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