The whole world is strenuously hoarding gold before the collapse

2024 Author: Seth Attwood | [email protected]. Last modified: 2023-12-16 15:55

Major banks and governments around the world are accumulating huge reserves of gold in an effort to stay ahead of the impending imminent and apocalyptic economic collapse that will eclipse the 2008 financial crisis.

According to Keith Neumeyer, CEO of the world's largest silver producer First Majestic Silver and chairman of First Mining Gold, the elite have begun to manipulate precious metals prices, loading their vaults with massive amounts of silver and gold.

Details from Shtfplan.com:

The writing is already on the wall, and major financial institutions around the world are warning of an impending economic disaster. Rampant money printing, tariff wars, rising interest rates and slowing retail sales all point to one outcome, and it will be very brutal. The big banks and governments know what is coming soon, and they are preparing for this event, accumulating huge amounts of "real money" on the eve of the crisis.

According to Keith Neumeyer, CEO of the world's largest silver producer First Majestic Silver and chairman of First Mining Gold, the cartels he previously talked about at the CFTC continue to manipulate precious metals prices by loading their vaults with gold and silver. The answer to why they do this is simple, as Neumeyer points out in a recent SGT interview:

Neumeyer explains that there are not only monetary factors, but also supply problems, as production, especially in silver, has declined markedly over the past few years.

All of this bodes well for precious metal prices to rise in the near future, with reasonable estimates of future growth well above the record growth rates we've seen in recent years:

Financial analysts and large institutions have tended to avoid gold and silver for nearly a decade. But the situation seems to be changing.

As long as prices remain depressed, governments acquire, big banks acquire, and even Morgan Stanley recently noted that gold can be used as "a very good indicator of the true value of the dollar over a long period of time."

We know that massive economic collapse is approaching.

To get an idea of where to hold your assets while this worst case scenario plays out, all you need to do is ask the following question: What is money when the system collapses?