I think silver's industrial use reduces the monetary aspect of the metal, gold serves as a better proxy for wealth as very little is used for industry and the rest is a store of value. The value is also the fact that holders hold it, which is another reason why it's scarce.
I always doubted they can raise interest rates to a significant degree - definitely not to the Volcker level. The Greenspan put - and all the interest rate swaps derivatives out there makes it impossible to not implode the whole system. There are 100s of trillions in interest rate swap derivatives (notional) that can't be unwound, while increases in the interest rates would implode all the banks that have these bets off their balance sheet.
I have been investing in silver since 2008, but I don't think the outlook is going to be as rosy. It is definitely undervalued and artificially suppressed, and to a greater degree compared to gold, but my hang ups are that central banks don't own any. It's gold that is going to be revalued when credit collapses, and silver could still be cheap at that point for how important it is for industrial use.
This guy turned his engine to run on ammonia at 25 cents/liter
I remember the story about Valetin's dad committing suicide a couple years ago. I'm not sure it relates to the Durham investigation, although Durham was involved with RICO cases on other banks like JP Morgan on the precious metals scheme.
Deutsche Bank is the biggest derivative player in the world. No doubts they have some large skeletons in their closet.
Farmers are also unloading their manure on the street in protest:
Raising rates is also always a misdirection. The only way to stop inflation is when gold is revalued and the debt, and all the speculation that goes with it disappears. Raising rates is so late 70s. Good luck trying another Volcker and see what happens to all those wall street derivatives.
Chappelle had a funny bit on this: https://www.youtube.com/watch?v=3U3ZsPjcpEY
I can relate.. at least with the awakened family piece. I was 10 when I got my first lesson in confidence being everything when it comes to the value of the dollar. We were prepared for global financial collapse back in 2008 as we are well aware of how vulnerable the financial underpinnings are. Things didn't transpire the way we thought, but we had no perception of the level of criminality and shenanigans that were available to keep this rotten system alive. It didn't hinder the resolve as it just compounded the future risk.
Make it apply to the rest of their family as well and that will shut them up.