The reason Silver and Gold Prices aren’t rising is simple, industrial demand is currently down! – March 24, 2020,

I recently watched the video titled Physical silver supply squeeze about to get worse warns Keith Neumeyer which you can find on Youtube by Kico News in which Keith Neumeyer tried to make his case as to why he believes Silver prices should be higher. You can watch the video below.

The reason Silver prices have not gone up, but will go up is for the same reasons he alluded to, however, he’s looking at the situation incorrectly. If you’re a believer that money will one day again be backed by Silver or Gold, you’re essentially a speculator, essentially you’re a believer that you’re entitled to price appreciation in a time of deflation, you’re assuming that the devaluing of global currency is a guarantee that the price of Silver and Gold will rise. unfortunately, you’d be wrong to assume that.

Gold and Silver have industrial purposes if demand for those precious metals declines globally you’re out of luck, now for the record, I own Gold and Silver myself, but the cycle works opposite to how many would like it to. When demand for Gold and Silver rises and both the hoarders and people who need the metal for industrial purposes both have demand for Gold and Silver at the same time, that’s when Gold and Silver prices rise.

Because now that there’s a backlog on the dealers, it’s a signal that there will be multiple entities who have demand for it. But here’s also the problem Gold and Silver hoarders will have when their boom time occurs when to sell? Because what I think hoarders forget is that Gold and Silver are recyclable, meaning that the Gold and silver boom cycles might be short-lived.

You don’t buy Gold and Silver for price appreciation, it’s a buy and hold strategy because it’s a relatively safe investment for retirement. But I don’t deem it wise to be a Silver and Gold speculator, because you’ll lose, regardless of what currency or what is valued as money in society there has historically always been a war on Gold and Silver.

In the modern era, Oil is way more important than Gold and silver, as I’ve stated plenty of times if currency should be measured by anything it should be measured by Oil because Oil is everywhere, the computer I’m writing this post on has Gold and silver parts in it, but it has a lot more oil-related products, most of the clothing people wear wouldn’t be possible without Oil, any plastics you have in your home, that’s Oil, do you care about solving world poverty? That’s oil.

I’m not trying to talk down Silver or Gold, I own it, but I think a lot of Gold and Silver speculators are being fooled into believing how important Gold and Silver is, in the modern economy.

I’m a buyer, but I also spend a lot of time in industry and there’s a lot of Silver and Gold that’s being recycled right now, most people when they dispose of their consumer electronics don’t know what’s inside their component. Well, your local junkyard does and many of them have been getting rich from things people don’t want.

Remember at a junkyard people buy to have their items disposed of and then the junkyard also finds buyers of said disposed junk, so when the price of Gold and silver begins to rise, don’t forget who you’ll be competing with! industry, they don’t need Gold and silver coins or bars, what they need gold and silver and if it’s recycled gold and silver on the cheap its all good for industry because it will be hidden from plain sight in the consumer goods they’re selling. I’m not telling anyone to buy or not to buy, just be smart!

I added the Richard Nixon video to illustrate why the dollar was severed from Gold, if you’re hoarding Gold and Silver in hopes of price appreciation, you’re a speculator, you’d be a part of the problem the government was having back then. Whether it’s right or wrong doesn’t mean anything, I don’t like big government, I’m writing this simply so you see Gold and Silver for what it is and not what you imagine it to be!

Interesting times ahead!