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The Big Picture For Gold And Silver

With precious metals back at 4-year lows against a backdrop of gold migration from west to east, paper vs physical divergences, 'disappearing' Comex positions, dark pools in London, collateral grabs, and massive monetary policy extremist actions; we thought the following two presentations worth considering. Tocqueville's John Hathaway delves into the darker corners of today's gold markets while Mike Maloney reminds us of the big picture behind gold and silver as wealth insurance. The failure of a monetary system is never a smooth road - it is rocky and undulating, with twists and turns that don't appear on any map. But the destination is always without question, despite suppression efforts: Gold will inevitably respond to an expanding fiat currency supply. That simple.

 

Tocqueville's John Hathaway asks (and answers) "Do You Know Where YOUR Gold Is" as he explains how counterparty and systemic risk will converge and the various dark and murky corners of the precious metals markets in which manipulation grows unchecked...

 

John Hathaway Tocqueville Keynote

 

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And Mike Maloney explains the big picture for gold and silver in the clip below...

 

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Simply put,

We are living through unprecedented times, and if there is one lesson to keep in mind it is this: The failure of a monetary system is never a smooth road paved with gold. It is rocky and undulating, with twists and turns that don't appear on any map.

 

But the destination is always without question: Gold inevitably responds to an expanding fiat currency supply. That simple.