Gold and Silver Guide 2022

Key Concepts Public Key Concepts
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6

As I wrote in the piece, I am not worried about it at this time because gold is a tiny fraction of the wealth that exists.
I think the goobermint will seize people’s money market accounts first because, as Willie Sutton said, that’s where the money is. By “seize” I mean the goobermint will replace cash in money market funds with special 3% yielding Treasury bonds "backed by the full faith and credit of the US Government (which means you, silly taxpayer).
However, I will get antsy if/when:

  1. Gold vaults past $5,000 and politicians start making noises about "unfair gains" and windfall taxes for PM holders.
  2. Oil trade from one of the top 5 exporters is suddenly being conducted in physical gold swaps in whole or part.
  3. The dollar crashes hard and the goobermint needs hard currency, fast.
If/when any of those things happen I plan to be long gone from gold/silver and into the next thing. During collapses, one has to be nimble.
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