It was clear to me the deal would never be honored. One of the biggest tattle-tales, I said, was that there was no deal. There was nothing signed. It was all hot air.
The latest news from Russia and Ukraine is yanking the price of Gold & Silver up and down on a daily basis. Also, which types of silver have the lowest premiums now.
However, the movement to sanction the Russian economy may continue regardless, and if that happens, the global trend toward de-dollarization will likely take a giant step forward.
Accounts held at banks and other financial institutions are vulnerable to being restricted or cancelled for any number of arbitrary reasons. Even cryptocurrency wallets can be seized by governments, with Canada showing the way.
History shows that the Fed increasing Fed Funds rates has historically been good for Gold prices.
We also discuss the Fed lies supporting the US dollar and US Treasury debts.
Since 2014, Russia’s central bank has been switching out Federal Reserve Notes for gold. According to the latest reports, the Bank of Russia now holds 23% of its foreign reserves in gold and just 22% in U.S. dollars.
The runaway inflation crisis … will only get worse until we finally reach a breaking point where the Fed will lose all control over inflation expectations, sparking what may become hyperinflation, currency debasement and collapse … and the end of the Fed itself.
Thomas Thornton, founder of Hedge Fund Telemetry, joins us to talk about how many hedge funds are looking at the current market, including his take on silver, gold, Russia, Ukraine, the Fed, Inflation and many other topics.
Gold’s upside potential in this next hiking cycle is way bigger than normal due to the raging inflation the Fed’s extreme money printing unleashed, driving bubble-valued stocks.
