From War 'On' Silver To War 'For' Silver
Via Greg Hunter’s USAWatchdog.com,
You know Steve Quayle as a renowned radio host, filmmaker, book author and archeological dig expert. Most people do not know that Quayle has four decades experience in the gold and silver markets.
Quayle says the exploding record high prices for gold, and especially silver, are signaling big trouble brewing for the financial system. Are prices rising because we are near a global sovereign debt crisis or a wider war with Russia and Ukraine? Are currencies under pressure or is the bond market about to tank? It might be anyone of these, or all of the above, but one thing is for sure, the price of silver is going up well beyond the latest record high price. Quayle says,
“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 example, Samsung just cut a deal in Mexico to reopen a mine and take all the production over the next two years. They are bypassing COMEX, CME and the LBMA and getting their raw silver directly from the mine. Quayle knows of nearly a dozen other big tech companies scrambling for silver. Quayle points out:
“This is critical because the amount of silver that would normally be available to individual investors is being cut off at the mine.”
Quayle says China is one of the biggest players getting control of silver supplies around the globe. Quayle says,
“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 is also seeing the end of the futures markets and the way silver and gold has been priced. Quayle says:
“We are watching the end of the futures market in the United States and in London. The London Bullion Metals Exchange cannot deliver. In my opinion, they have cheated and lied.”
If they don’t have the metal to deliver, they cannot set the price. Quayle says,
“Would you trust them with anything such as cattle futures, hogs or soybeans? Heck no. . .. Physical silver in hand still exists, but for how long? This is not a scare tactic. It is supply and demand...
I am telling people to get what you can while you can because the day will come when silver and gold will be unobtainable...
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.”
There is more in the 58-minute interview.
Join Greg Hunter of USAWatchdog as he goes one-on-one with Steve Quayle warning you to prepare for much higher prices for silver and the financial storm that a failure to deliver physical silver will cause for 12.20.25.