Dude said due to the massive price suppression for industry while being a key resource in electronics plus the heavy overexposure to related derivatives that when it breaks loose, silver could for brief time could go 1 to 1 ratio with gold. Ultimately he thinks it will stabilize at 1.6 silver to one gold. Reasoned that silver is the money of the people and will have high demand to be used as money while being squeezed by industry. Said gold is more useful to elites while silver has historically been the people’s money. He also claimed that “We have the gold” refers to the USA having extreme amounts of gold still in the ground ripe for mining. Specifically in the Grand Canyon.
Estimated 5-6k gold price and silver growing to fill in the 1.6 to 1 gap from the 80 to one it currently sits at.
Edit: oh, btw, he also date fagged September 24 as possible beginning of silver explosion. Not sure what that date relates to.
Dude said due to the massive price suppression for industry while being a key resource in electronics plus the heavy overexposure to related derivatives that when it breaks loose, silver could for brief time could go 1 to 1 ratio with gold. Ultimately he thinks it will stabilize at 1.6 silver to one gold. Reasoned that silver is the money of the people and will have high demand to be used as money while being squeezed by industry. Said gold is more useful to elites while silver has historically been the people’s money. He also claimed that “We have the gold” refers to the USA having extreme amounts of gold still in the ground ripe for mining. Specifically in the Grand Canyon.
Estimated 5-6k gold price and silver growing to fill in the 1.6 to 1 gap from the 80 to one it currently sits at.