Michael Noonan: A Booming Economy, Multipolar World, $10k Gold, $400 Silver!?

We are told, ad nauseam, how great the American economy is performing. “Unemployment is at record low, wages are going up…” blah blah blah. For the adults in the room, the ones that read and spend a little time actually attempting to protect their wealth instead of allowing some faceless, nameless entity in another part of the country make decisions about how their wealth should be handled, we know and understand the economy is not “great”. We know that unemployment is not at “all time record lows”. We know that wages continue to regress instead progress, but, here we are.

I sat down with Michael Noonan, Edge Trader Plus, to discuss a variety of topics, including the economy, gold / silver and the unfolding multipolar world that seems to be picking up steam in some areas and falling flat in others.

Michael has a different view of the market than most of the people that I speak with – he is a contrarian to the contrarians. When the group think says look up, rest assured, Michael is looking around to see what’s coming in his direction

There is massive, massive, massive amounts of debt being created everyday, every year it just keeps growing. Yet, nothing is happening.

China and Russia are building their own economic strengths and expecting to take over when the United States finally does collapse. Everyone will go along with them, including the European Union. The European Union is a farce anyway. ~Michael Noonan, The Daily Coin

We recently reported on the merger of the Barrick Gold and Rangold with China being a “silent partner” that financed $300 million in stock to fuel this mega merger of gold mining giants. We mention this as part of the ongoing gold story where people have discussed $10,000 gold and $400 silver. Michael ask a very simple question – why would it get that high? That’s an excellent question.

You would think the fundamentals would argue for it, but…I don’t follow cryptocurrencies but I think that’s the biggest threat to gold and silver right now. ~Michael Noonan, The Daily Coin

What role will gold and silver play in the monetary system if there is an ocean of cryptocurrencies sitting on top of fiat currencies? How will gold and silver be able to get a foot hold in a world that has gone completely mad?