Gold And Silver - Physical Precious Metals Are A 'Gift' At Current Levels

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.

First published here: Gold And Silver - Physical Precious Metals Are A 'Gift' At Current Levels