In this video, I talk with author and economic analyst John Sneisen about the very real possibility that we could see a massive rally in the price of gold as well as silver in 2018 as gold breaks its 5 year bear market trend as the VIX collapses.
This is a key technical level and appears to show some great optimism going into 2018.
The Vix has fallen near its year's low as gold has found its way back to its 100 day moving average, the highest level it's seen in months!
Gold and silver are wealth insurance, not investments, but of course they've been heavily manipulated for centuries by banks, most notably since the 1930s by the Exchange Stabilization Fund which was actually funded with confiscated gold under FDR. But this is nothing compared to the artificial bear market we've seen since 2012 due to vast amounts of ETFs. The manipulative derivatives market is a much used tool of the banking system to suppress the value of a commodity. Well, Deutsche Bank, HSBC, Scotia Bank, BNP Paribas, Bank of America among many others have been caught red-handed manipulating gold and silver markets in court.
This is all relative though. The banking system is reaching its innevitable end and with that, the pressure that's been building for decades within the gold and silver industries as they're used like a beach ball being shoved underwater, gaining momentum to bounce to the sky all the time, shows signs of weakness. There's an obvious appearance of desperation within the governments and monetary systems throughout the world and there's a good reason for that.
People are flooding out of the bond markets, the fiat system and that includes diversification between both gold, silver and of course cryptocurrencies like Bitcoin, EOS and others. This is a renaissance right before our eyes and it's best for all of us to be financially responsible and self sustainable. We must prepare ourselves for freedom cannot be freedom without responsibility and with education comes action comes preparation comes liberty.
Let's protect our wealth and come to understand the system that depends on our dependency.
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