"They Know What's Going To Happen" - Governments, Big Banks Are Stockpiling Gold

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 making… and when the metals finally take off this year it’s going to be astounding to watch.

… We lived through it in 2010 and 2011… a good mining stock will far exceed the movement of the metal itself… a stock like First Mining would absolutely explode in an environment like that… it’s hard to predict the exact prices that stocks would do but it would be quite different than it is today…

 I think $2000 or $3000 gold… these are reasonable numbers that we will experience in the not too distant future. 

Financial analysts and large institutions have generally avoided gold and silver for nearly a decade. But the tide appears to be changing.

As prices remain suppressed, government are acquiring, big banks are acquiring and even Morgan Stanley recently noted that gold can be used as a “very good proxy of the true value of a dollar over long periods of time.”

We know economic collapse on a massive scale is approaching.

To get an idea of where one should be diversifying their assets in the event this worst-case scenario plays out, one need only ask the following question: What is money when the system collapses?

5,000 years of history for the single most reliable monetary asset class of last resort has already given us the answer. 

Prepare accordingly.

Comments

Klassenfeind Oldguy05 Tue, 04/17/2018 - 05:40 Permalink

Here is some more gold-porn for y'all: https://kingworldnews.com/alert-look-at-what-else-is-getting-ready-for-…

Basically they keep on recycling the same old 'gold is about to break out' and 'any day now' bullshit...

Just have a look at KWN once every couple of weeks/months for a good laugh. It's the same stories day in day out, month in month out, year in year out.

Sad to see that sites like ZH and KWN can't admit that they were wrong, and have lured people to thrown lots of money at gold and silver which have been going down and then sideways since 2011, while at the same time the stock markets have sky-rocketed.

In reply to by Oldguy05

gdpetti Dumpster Elite Tue, 04/17/2018 - 09:38 Permalink

True... same as always.... but none expected the ongoing CB pump of over $35 trillion.... no one could've imagined that a few years before.... but this is what happens at the end... like in '29... the excess of excess gets so giddy, that  none think the champagne could ever stop flowing... until the rug gets pulled out... the prey is just being toyed with these days.

The PM charts are obviously headed up...  like in '02... but repeat patterns usually speed up each time... the question is how much longer this slow uptrend of continued consolidation goes on before breakout? Weeks at least it seems, but months? Hard to tell, as the CBs see to want to do QT instead of QE... which is how rugs get pulled... and none seem to want to say the emperor wears no clothes.. none want the easy money to stop.. the spice is just too good.... but as the RUssia, Russia, Russia game shows... sooner or later, that rock hits the wall.... and remember our military hasn't had any real combat expereince in a very long time... 'Nam wasn't it? How did that go? The problem is the same in business or politics... those in charge, especially here in the West are so corrupt, so incompetent, so psycho etc.... we spend 10x more and get 10x less... this is how empires collapse... but not to worry, Mother Nature is set to swing in soon... so the NWO will take out their OWO puppets soon enough... war is inevitable.... like fracking oil... the end is easy to see.

In reply to by Dumpster Elite

Silver Savior Klassenfeind Tue, 04/17/2018 - 10:15 Permalink

I am pretty happy I have been stacking. I thank ZH for the articles. I take it you don't understand the situation. It's about getting out of fiat currency. 

I don't care if the stock market has been going "up" I don't want the digits or paper currency. What you are really seeing is the value of the dollar going down because it takes more of those dollars to buy something hense the stock market going "up". Nominal confusion. 

In reply to by Klassenfeind

Klassenfeind Silver Savior Tue, 04/17/2018 - 11:30 Permalink

Actually, I do stack, but I just don't get suckered into the bullshit narrative that PM's will explode to the upside.

IMHO, when the house of cards collapses, everything (incl. PM's) will go down (just like in Oct. 2008) and all those "gold to $2000, $3000, $10000" bullshit stories are only for people who hope to get rich quick (i.e. speculators), just like the Buttcoin idiots.

In reply to by Silver Savior

Theosebes Goodfellow Klassenfeind Tue, 04/17/2018 - 18:43 Permalink

I believe that how you hold your god determines whether you are a speculator or a hoarder. I find neither term disparaging. They simply describe different plans for outcomes.

A speculator plans for a rapid price increase, (rapid currency devaluation). At which point they will dis-hoard for a theoretical profit to be used to purchase some other asset which they believe will appreciate more than just holding the PM.

A Hoarder has no plan to dis-hoard. They perceive their stack(s) as a retention of wealth, (labor hours stored). They usually plan to have their heirs inherit the hoard and to continue to accumulate it while leveraging it to make a profit from the interest it can accrue.

One can be both, or either, at different times. One can be long one PM and short another, as the current Gold:Silver ratio dictates now. Just as it is impossible to destroy energy, it is impossible to have all asset classes's values collapse, save for contamination. The asset's valuation may change, but not its value. Think land, gold, energy. It will always have value, it just matters how that value is denominated.

In reply to by Klassenfeind

soksniffer overbet Tue, 04/17/2018 - 00:03 Permalink

+1 for the Tommy Vu shout-out. Back in the day of "USA Up All Night", a buddy and I would laugh ourselves silly at Tommy Vu... although my buddy may have secretly been paying attention because he now owns a $3.5M house in Beverly Hills while I rent an apartment.

What is it you were saying about cryptos? I might be interested in that!

In reply to by overbet

ldd soksniffer Tue, 04/17/2018 - 00:29 Permalink

i was given quite a few down votes for commenting on an article about a japanese company offering the option of being paid in bitcoin. and one comment suggested i was a gold bug. i would not say i am a gold bug but that i see it for what it is. i bought in when it was a few hundred dollars and cashed out after it multiplied back to my initial investment value. in the process the cashed out earnings payed for a nice major asset. so i have my initial investment in tact and a free major asset.

i looked at bitcoin and came to the conclusion in its present form it could never be utilized as a payment system AND in its present form was nothing more than a ponzi scheme.

today i would view anyone not holding to be a schmuck.

 

In reply to by soksniffer

U. Sinclair overbet Tue, 04/17/2018 - 03:46 Permalink

That makes his assessment not incorrect.
The BRIC countries are piling their gold reserves for years bought with monopoly money, that's a fact.
Seems smart to me.
Probably they know better how it feels to go broke and struggle.....which is too long ago for all Western countries who have forgotten how this feels like.
 

In reply to by overbet

Richard640 MoreSun Tue, 04/17/2018 - 08:12 Permalink

ZIONISM???

&&&&&&&&&&&&&&&&&&&&&&&&&&&

JOOS ON THE BRAIN=A WORLD-WIDE OBSESSION---20 MILL JOOS V.S 7+ BILL NON-JEWS?? WHY THE FOCUS ON THIS MICROSCOPIC MINORITY??---IT'S AN OBSESSION!@!!! GET A FUCKING LIFE U SPAWN!

********

THE KING OF DENMARK-AFTER WW2--WAS ASKED WHY HIS PEOPLE SAVED SO MANY JEWS

****************

HIS RESPONSE="UNLIKE THE GERMANS, WE NEVER HAS AN INFERIORITY COMPLEX REGARDING THE JOOS"--GOT THE PICTURE U FILTHY JOO HATER DRAPING YOURSELF IN "FAIR AND EVEN-HANDED CRITICISM" OF THE JOOS...YA FILTH

+++++++++++++++++++

U CAN CREDIT THE KRISTIAN CHURCH FOR THE 2000 YR TEACHING OF CONTEMPT FOR THE JOOS IN THE DISGUSTING ANTI-JOO SCREED KNOW AS THE NEW TESTAMENT--A PACK OF LIES DEVISED BY THE PROMOTERS OF THE NEW RELIGION TO DIFFERENTIATE THESELVES AND PROMOTE THEIR LIES TO THE GENTILES--THERE A WHOLE FIELD OF STUDY DEVOTED TO THIS PROBLEM===

 

In reply to by MoreSun

chestergimli Richard640 Tue, 04/17/2018 - 09:02 Permalink

I believe there are FFFFFAAAAARRRRR FFFFFAAAAARRRRR FFFFFAAAAARRRRR more Jews in this world than 20 million.   Aristotle said the Jews were originally from India so they must have left a whole chunk of them there at the time.  When Our Lord Jesus Christ told the Jews that there House would be left to them desolate he meant the land of Judea he didn’t necessarily mean the Hebrews/Jews would be wiped it.  I personally believe the Jews constitute at least 10% of the world population.  The majority of these are members of other religios denominations, including Buddhism, Taoism, Mohammidism, and all Christian denominations.  They are, and always have been, the silent 5th column who spy on us and report back to their bosses.  Ever wonder why there are so many Christian Zionists?  How about the Jesuits?  I could always be wrong but this is what I think.

In reply to by Richard640

Richard640 chestergimli Tue, 04/17/2018 - 10:00 Permalink

You may be right...that is a fascinating speculation...but I gotta think that like with reincarnation--people don't remember their past lives...I have a good friend from Iceland--he is very well educated--he once sent me s pamphlet asserting that one of the tribes settled in Iceland and there was some genetic connection...

*******************************

Nordic Israelism or Norse Israelism is the belief that Scandinavian peoples, or the Nordic countries (SwedenDenmarkFaroe IslandsFinlandIcelandNorway) descend from the Ten Lost Tribes of Israel. Nordic Israelism as a movement and ideology only emerged in the latter half of the 19th century among several early proponents of British Israelism.

Henry Spelman, who in 1620 connected the Danes to the Tribe of Dan

A 15th-century Latin chronicle, "Chronicon Holsatiae vetus", found in Gottfried Leibniz's Accessiones historicae (1698), states the Daneswere of the Tribe of Dan, while the Jutes the Jews.[1] Later the antiquarian Henry Spelman in 1620 had further claimed that the Danes were the Israelite Tribe of Dan, based on the apparent similarity in name.[2] In the 18th century the Swedish historian Olof von Dalin believed that the ancient Finns (alongside Lapps and Estonians) who sprung from the Neuri descended ultimately from the lost tribes of Israel:

“"...the Neuri seem to be remnants of the Ten Tribes of Israel which Shalmaneser, king of Assyria, brought as captives out of Canaan... [When one realises that] the language of the ancient Finns, Lapps and Estonians is similar to the Hebrew and even that this people in ancient times reckoned their year's beginning from the first of March, and Saturday as their Sabbath, then one sees that the Neuri in all probability had this origin."[3]

John Eurenius (1688–1751), a Swedish pastor in Torsåker, Angermanland, Sweden, also connected the Israelites to the Nordic countries, in his Atlantica Orientalis (1751) he theorised that the Gods of Norse mythology were deified ancestors from the Levant, who he connected to Israel.[4] Olof Rudbeck the Younger in the 18th century also attempted to prove that the Nordic languages sprung from Hebrew.[5]

 

In reply to by chestergimli

Richard640 chestergimli Tue, 04/17/2018 - 10:00 Permalink

You may be right...that is a fascinating speculation...but I gotta think that like with reincarnation--people don't remember their past lives...I have a good friend from Iceland--he is very well educated--he once sent me s pamphlet asserting that one of the tribes settled in Iceland and there was some genetic connection...

*******************************

Nordic Israelism or Norse Israelism is the belief that Scandinavian peoples, or the Nordic countries (SwedenDenmarkFaroe IslandsFinlandIcelandNorway) descend from the Ten Lost Tribes of Israel. Nordic Israelism as a movement and ideology only emerged in the latter half of the 19th century among several early proponents of British Israelism.

Henry Spelman, who in 1620 connected the Danes to the Tribe of Dan

A 15th-century Latin chronicle, "Chronicon Holsatiae vetus", found in Gottfried Leibniz's Accessiones historicae (1698), states the Daneswere of the Tribe of Dan, while the Jutes the Jews.[1] Later the antiquarian Henry Spelman in 1620 had further claimed that the Danes were the Israelite Tribe of Dan, based on the apparent similarity in name.[2] In the 18th century the Swedish historian Olof von Dalin believed that the ancient Finns (alongside Lapps and Estonians) who sprung from the Neuri descended ultimately from the lost tribes of Israel:

“"...the Neuri seem to be remnants of the Ten Tribes of Israel which Shalmaneser, king of Assyria, brought as captives out of Canaan... [When one realises that] the language of the ancient Finns, Lapps and Estonians is similar to the Hebrew and even that this people in ancient times reckoned their year's beginning from the first of March, and Saturday as their Sabbath, then one sees that the Neuri in all probability had this origin."[3]

John Eurenius (1688–1751), a Swedish pastor in Torsåker, Angermanland, Sweden, also connected the Israelites to the Nordic countries, in his Atlantica Orientalis (1751) he theorised that the Gods of Norse mythology were deified ancestors from the Levant, who he connected to Israel.[4] Olof Rudbeck the Younger in the 18th century also attempted to prove that the Nordic languages sprung from Hebrew.[5]

 

In reply to by chestergimli

Laowei Gweilo USA USA Mon, 04/16/2018 - 23:31 Permalink

sometime in the next several years? based on five thousand years of history?

i suppose that's one way to hedge against constantly being wrong year-to-year =p

 

p.s. if the fucking monetary system collapses no one is gonna give a fuck about shiny rocks they're gonna want guns and food lol

In reply to by USA USA

canisdirus Laowei Gweilo Tue, 04/17/2018 - 12:04 Permalink

That's what I keep telling people, but nobody listens (then downvote because they hate what they're hearing). They're deeply obsessed with something nobody demands any longer, which only gained the status it holds because the Roman Empire demanded that taxes be paid in it. It is, at best, a medium of exchange. But to be a useful daily medium of exchange as they hope, it would need to drop in value quite dramatically from the current level. Silver might be a decent trade metal, but it has the same limitations.

If I was really planning for a world after a complete collapse of the monetary system, I'd be long secure warehouses filled with toilet paper.

In reply to by Laowei Gweilo

tnuctipun dumluk Tue, 04/17/2018 - 04:17 Permalink

Your avatar is spelled wrong  -  it's spelled dumb.  Price suppression is worked from the gold EFT area...  You know, 'paper gold'  ...  the sale of Central Bank PM's (like, Browns Bottom, remember - Oh, wait, you're too young to remember) is not an effective suppression technique.  Paper Gold ...   remember that pair of words for your next comment pinata.

In reply to by dumluk

dark fiber tnuctipun Tue, 04/17/2018 - 11:48 Permalink

Gold ETFs roll COMEX futures contracts and don't hold an ounce of gold.  The ones that do hold physical allocated gold (allegedly) are based in Switzerland and US persons are explicitly not allowed to trade them (under Regulation S 1933).  So yes, all the ETFs you know of are all paper gold and influence the price of gold through unallocated paper gold.  Got it? 

In reply to by tnuctipun

overbet Dsyno Mon, 04/16/2018 - 23:47 Permalink

He is right about the rut.

Buy gold in your lifetime how much has it increased? What if you instead bought real estate, stocks or cryptos?

Oh wait my mistake I forgot the reckoning is coming, any minute now, where we will lose all internet and 75% of the population will be wiped out, but youre going to survive and your gold is going to be liquid and increase a bunch. 

In reply to by Dsyno