by Greg Hunter, USA Watchdog:
Financial writer and precious metals expert Bill Holter (aka Mr. Gold) says even though silver did not have a physical delivery failure (yet), nothing has changed for the better. Derivatives are still counted in the quadrillions, and debt is still enormous and unpayable for just about every country on Earth. Mr. Gold says, “I can’t tell you from day to day what is going to come. All I can do is tell you what the end game is going to be. The endgame is gold and silver can’t bankrupt in a world that is in the process of bankrupting. Gold and silver are God’s money. They are physical assets. Fiat currencies are debt outstanding, and those are manmade and they will collapse under their own weight.”
Although in another article, they mention that neither country has actually backed the ceasefire, of which that part seems a lot easier to believe.
It has been six weeks since the start of the Iran War, and those six weeks have certainly taken a toll on gold and silver prices. However, from a longer-term perspective, the silver price is holding firm at 50% above its old all-time highs, and that’s a noteworthy development. You can track ongoing movements using live 