Tom welcomes back experienced silver investor David Morgan to the show. David discusses the current conflict and why it's likely a Bankers War. It seems like a battle over who will control the next financial system. There are massive amounts of misinformation and it's difficult to determine what is happening. The good news is this could be a precursor to things eventually improving.
David feels that Putin may be controlled opposition but it's interesting how the pandemic has now largely disappeared.
He believes Bitcoin has been hijacked by various banking interests. The banking elite want a central bank digital currency system that they control.
There are a lot of unintended consequences with sanctioning Russia. Russia is in good shape from a commodity viewpoint and they have considerable gold reserves.
The best-decentralized finance you can have is physical metal. Those in power don't want to give up control. At some point, a lot of cryptocurrencies will probably be banned.
When we go to a fully digital system they will be able to track trace and tax everything you do. Then they will attach a social credit system to it and likely try to change spending patterns however they see fit.
Gold will likely return in some form to the monetary system. This will probably have a digital form that is backed by metals which will make transactions simpler. The ledger system of the blockchain is optimal for keeping a system like this transparent.
Russian energy equities are being given away right now but of course, these carry significant risks. Consider betting a little to potentially win a lot.
He discusses how we could see something similar to the nickel market crisis with silver. Should it be revealed that much of the silver supply is entirely paper promises that could justify such a crisis? We don't know where the market should be in an era of manipulation but the demand for metals is currently quite high.
Oil is the most important commodity on the planet, food is probably second, followed by silver. You can store silver easily but it's considerably harder to store oil.
The silver to gold ratio could probably reach 15 to 1 in a breakdown scenario. Silver is constrained compared with gold because banks do not consider it to be money.
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