“They Know What’s Going To Happen” – Governments, Big Banks Are Stockpiling Gold

Business

Authored by Mac Slavo via SHTFplan.com,

The writing is on the wall and major financial institutions across the world are warning about the economic disaster to come. Unabated money printing, tariff trade wars, rising interest rates and retail slowdowns point to one result, and it’s going to be brutal.

Big banks and governments know what’s coming and they are preparing for this eventuality by stockpiling huge amounts of “real money” ahead of the crisis.

According to Keith Neumeyer, the CEO of the world’s top primary silver producer First Majestic Silver and chairman of First Mining Gold, the cartels he’s previously reported to the CFTC have continued to manipulate the prices of precious metals while loading up their own vaults with gold and silver. The answer to why they’re doing it is simple, as Neumeyer highlights in a recent interview with SGT Report:

The verdict is still out on whether we’re going into a dis-inflationary or inflationary environment… gold can do well in both environments… the fact of the matter is governments are printing extraordinary amounts of fiat currencies and that is not going to change…

The stage is set for higher gold prices due to the amount of money being printed… I am of the belief a major reset is coming where the governments of the world will need to get rid of their debt by fixing everything to the price of gold… and that’s why governments like China and Russia and other governments around the world are accumulating gold… it’s because they know what’s going to happen over the next several years…

(Watch at Youtube)

If it is true [that JP Morgan has acquired the largest position of physical silver in the world] then it’s pretty amazing… Any bank wanting a long position like that is doing it for a reason…

Banks like JP Morgan… they haven’t had a losing trade in multiple years… if they’re long something that’s probably what you want to be buying.

Neumeyer explains that not only are there monetary factors at play, but also supply issues, as production, especially in silver, has dropped markedly over the last several years.

All of this bodes well for rising precious metals prices going forward, with reasonable estimates for future growth far exceeding the all-time highs we saw in recent years:

Metals are in an extremely tight trading range… This base the metals are building right now is three years in the …read more

Source:: Zerohedge.com

      

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