In this video, I talk with author and economic analyst John Sneisen about the recent rally of gold and silver as investors pull 30 billion dollars out of US stocks in 10 weeks.
Gold saw a peak of $1313 USD!
As we see a stock market exodus, it makes sense to see so many people, rich and poor to start stocking up on gold and silver among other assets.
For years we've seen an artificial bear market despite a physical bull market. This is due to rigging and ETFs. Deutsche Bank itself was caught in a court of law twice in 2016 rigging silver and gold prices. Later on in the gold suit, it was found they were collaborating with HSBC, BNP Paribas, Scotia Bank, Bank of America and the list goes on.
From debt and derivatives to debt and central planning, everything today is rigged, but despite all of this, we're coming to the end of a very destructive cycle and once the fiat empire falls which is will, once the stock market plunges which it will (despite artificial bullish outlook) the chains will break on that which is manipulated and we will see a massive rise in gold and silver. We will first see a small downturn first however.
There have been significantly less gold ETF buyups and far more physical lately, so despite the manipulation, we are seeing a steady climb, but we will see a drop before the rocket to 10,000 plus.
The government, banking and central banking system manipulates every angle of life and we must as individuals be financially responsible and protect ourselves from this. Gold and silver have been proper wealth insurance for millennias. With that said, it's important to diversify as well with things like decentralized cryptocurrency like Bitcoin.
It's up to the individual to educate themselves and then take the proper protocols. We will continue to report on these important developments as we see the empire fall.
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