A Word From Andy Schectman

IMG Auteur
Published : March 21st, 2017
444 words - Reading time : 1 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Opinions and Analysis

For many years, the willingness of the world to accept dollars has been the key to the prosperity in the United States. Think about just how crazy it is that dollars created by the world’s biggest debtor nation, with nothing backing their value but the Government’s ability to tax and print, is accepted as the world’s reserve currency.

The illusion of prosperity in the US, for years has been fostered by the grace of our foreign creditors. But it is becoming obvious, that these overseas investors are beginning to worry about the situation in the US.

Foreign governments are dumping US Treasuries. The signs are coming from all sides. The data from the US Treasury Department points at it. The People’s Bank of China points at it in its data releases on its foreign exchange reserves. Japan too has started selling Treasuries, as have other governments and central banks.

Saudi Arabia, the enabler of the US Dollar being the World Reserve Currency has also been Dumping US Treasuries.   In the early 1970s,  The US and Saudi Arabia struck a deal.  In exchange for Arms and Security from the US,  Saudi Arabia would only accept US Dollars for Oil (The Petro-Dollar) and invest their reserves in US Treasuries.  That was then this is now.

These governments realize that at some point inflation, will be the by-product of the ultimate dollar devaluation and a massive destruction of wealth.

Gold and silver will be a financial life raft and will go much higher, in response to a lower dollar and the inflation which the Fed has little choice but to create.

The big money has for some time now been quietly moving out of dollars and treasuries and into gold and commodities. The big money realizes that they must quietly exit dollars and slowly acquire gold and commodities.

Case in point, Ted Butler surmises that over the last 4 years JP Morgan has quietly acquired over 600 million ounces of physical silver in their house account.  That would be the largest physical silver position the world has ever seen.

At some point, the tiptoeing out of fiat currencies and movement into precious metals will turn into an all-out sprint. At some point, the world will realize what a scam accepting dollars as the world reserve currency is.

This is why we own gold and silver, because when the tiptoeing turns to an all-out sprint, it will be far too late to re position.

Be proactive and trust your gut and get longer Gold and Silver.  Your best bet is to take advantage of our current special on Pre-1933 Gold Liberty Coins and Pre-1965 Silver Dimes and Quarters.

Data and Statistics for these countries : China | Georgia | Japan | Saudi Arabia | All
Gold and Silver Prices for these countries : China | Georgia | Japan | Saudi Arabia | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Andrew Hoffman was a buy-side and sell-side analyst in the United States (including six years as an II-ranked oilfield service analyst at Salomon Smith Barney), but since 2002 his focus has been entirely in the metals markets, principally gold and silver. He recently worked as a consultant to junior mining companies, head of Corporate Development, and VP of Investor Relations for different mining ventures, and is now the Director of Marketing for Miles Franklin, a U.S.-based bullion dealer.
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
State of Failure
11 AprThe Recusant1
My, my...James's article almost sounds as if Trump himself might have gassed the people as a deflection and not Syria at all! Why...why...that's co...
State of Failure
09 AprGypsy
The STOCK MARKET trend has been DOWN. In fact, the word after Friday's Crash was "Standby for Monday." In a Moment of Severe Stress, the so-calle...
Flat-Earther FINALLY Launches Himself Into The Air, Crashes, Goes T...
05 Aprsirqitous
Seen realistically, however, this was money well spent for TPTB, even if they never get that loan repaid! As free advertising for the MSM cover st...
Flat-Earther FINALLY Launches Himself Into The Air, Crashes, Goes T...
03 Aprprljr
The really really really really unfortunate thing is that there are people and i use that word "people" lightly, are for no other explanation that ...
Flat-Earther FINALLY Launches Himself Into The Air, Crashes, Goes T...
28 Marprblmsolved
The really unfortunate thing about this story; For that kind of money he probably could have hired someone with access to a modern performance ...
East Continues Stacking Gold While The West Stacks Paper Illusions
24 Marprljr
If a countries cartel owned private Central Bank acquires the Gold with cartels bank money for the country it supposedly represents who actually ow...
Drums Along the Potomac
23 MarGypsy1
I see there's a HUGE market for Conspiracy Theories and FAKE NEWS in the U.K. ~ from the Top down. Theresa May runs her Conspiracy Theory up her f...
Drums Along the Potomac
18 MarThemis-1
While I, too, don't give a hoot about the Skripals, the UK cannot tolerate foreign agents running amok and potentially endangering innocent British...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS