With the broader markets continuing to be propped up by HOT AIR and Central Bank intervention, only a fraction of investors have prepared for the massive stock market correction with physical gold and silver. Some precious metals investors fear that when the broader markets crash, so will the price of gold and silver… just like they did in 2008.
I don’t see it that way. When the markets crashed in 2008… everything went down together. However, since 2013, the Dow Jones Index has continued higher while the precious metals prices were hammered to new lows in 2015. Even though the gold and silver prices have recovered a bit from their lows, the Dow Jones is definitely overdue for a correction.
I spoke about this during my interview with Kenneth at Crush The Street. In addition, I replied to statements made by Charles Savoie in a previous interview on Crush the Street, that the Elite (called the Pilgrims) were going to push for the nationalization of silver at $2 an ounce. Charles stated this was due to a new war in which the military would need a new silver stockpile. I stated several facts and statistics why I did not agree with Charles and don’t believe the U.S. Govt would nationalize silver.
I also discuss the total amount of Industrial silver consumption by U.S. last year, and stated that the military would not need to acquire that much silver for their military weapons needs.
Another topic we discussed was the loss of wage earnings in the United States since the 1950-60’s that has now forced both spouses to work to make ends meat. Charles Savioe stated in his interview that this was due to the Pilgrim Elites taking all the wealth forcing the public to work harder. While that may be true to some extent, the majority of the reason is due to the falling EROI – Energy Returned On Investment.
Here is an outline of what Kenneth and I discussed during our interview:
TOPICS IN THIS INTERVIEW:
01:10 Gold, Silver to Surge if/when manipulation ends?
02:50 Is there Risk for Silver Nationalization?
04:20 In 1930’s Gold to Silver Ratio 4 to 1
07:00 Gov more Likely to Grab Institutional Silver
12:50 American standard of living collapse conspiracy
17:10 Does Technology offset some energy ROI drop?
19:20 Shale oil = way more energy investment vs conventional
21:50 Food energy returned on investment dropping as well
24:50 World’s largest oil companies debt is exploding
27:20 Elite to lose control & wealth as economy blows up
29:05 Secrets to why Nixon depegged dollar from gold
32:40 Oil a big reason behind 1970’s gold price rally
36:00 US Retirement trouble: Pensions & 401k’s withdrawals up
You can also access the original interview here: Massive Stock Correction To Send Metals Surging & Elites Lose — SRSrocco Report.
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