Via Greg Hunter’s USAWatchdog.com,
Steve Quayle is not only known as a renowned radio host, filmmaker, book author, and archaeological dig expert, but he also has four decades of experience in the gold and silver markets.
Quayle believes that the soaring record high prices for gold and silver are a sign of trouble brewing in the financial system. Whether it’s due to a global sovereign debt crisis, a potential war with Russia and Ukraine, currency pressures, or a bond market collapse, one thing is certain – the price of silver is on the rise. Quayle states,
“This has been one of the most explosive weeks with events taking place. Those of us in the business have known that the powers that be have been making their war on silver for 50 years. For 50 years, they have been manipulating the price of silver… robbing primarily from the individual investor. The war on silver has passed. Now, we are looking at the war for silver that is underway.
We are looking at a global treasure hunt for gold and silver, primarily silver, for the burgeoning and exploding technology. Silver has properties that no other metal has.”
For instance, Samsung recently secured a deal in Mexico to obtain silver directly from a mine for the next two years, bypassing traditional markets like COMEX and the LBMA. Quayle reveals that numerous other tech giants are also scrambling for silver. Quayle emphasizes,
“This is critical because the amount of silver that would normally be available to individual investors is being cut off at the mine.”
According to Quayle, China is a major player in controlling silver supplies worldwide. He explains,
“People would be astonished that the industrial demand for silver outstrips the available silver…
Here is the bottom line: on the production side, silver is oversold dramatically…
By the way, I am told the official price for silver behind the scenes is $86 an ounce…
The question is how fast will the silver market accelerate and make it impossible for the average investor or private investor to acquire?”
Quayle also predicts the end of futures markets and the traditional pricing of silver and gold. He states,
“We are witnessing the end of the futures market in the United States and London. The London Bullion Metals Exchange cannot deliver. In my opinion, they have cheated and lied.”
Quayle advises investors to secure physical silver while they still can, as the day may come when it becomes unattainable.
“It’s critical for people to acquire what they can acquire now in silver. Gold is always your savings. Silver, historically, has been your barter fund. Gold is your savings account for the future, and silver is your way to make it to the future.”
For more insights, watch the full 58-minute interview with Greg Hunter of USAWatchdog and Steve Quayle as they discuss the impending rise in silver prices and the consequences of a potential failure to deliver physical silver.
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