Why limit yourself to only ONE event. Can you envision the loss of confidence in fiat currency?
It's not 'fiat' in the proper understanding of that word. It's DEBT money--that's where it gets its pernicious 'staying' power. This isn't Weimar Germany. People won't be carting the stuff about in wheelbarrows. There are no laws that salaries must stay commensurate with the amount of money being added into the system. Debt money is deflationary for most and that's while real wages haven't risen in America since the 1990s.
Can you envision the erosion of the U.S. Dollar as the world reserve currency?
Not any time soon. What'll be replacing it? A currency with even weaker prospects? The Euro? Yuan? No. However, people ARE desperate to break away from the US dollar hegemony and that's why BitCoin has seen such a great success--a far better success than other money alternatives such as gold and silver.
Can you envision peak gold and silver production? The peak will only happen with higher prices. Silver has to be closer to $20 in the US for it to be worthwhile. Many mines in Idaho's silver valley are not in operation. Hecla even gave up on their biggest silver mine in favor of gold mining. Strict regulations will also go by the wayside with higher prices--the siren call of riches and jobs will open up new areas such as the Cabinet Mountains. Billions of ounces of silver lay underneath.
Can you envision there is a limit on bullion banks providing physical delivery? Not any time soon. The banks are in charge, have rigged the game, and there is no justice.
Can you envision any bank placing limits on the return of allocated gold upon request? No. Why would people even trust banks to store their PM? Remember when one bank was caught red handed and they weren't storing anything at all and we instead mixing the client's money in other assets? I think it was MS. They simply pay their fees and fines when caught. Ho hum. Look at Wells Fargo assimilating Wachovia, which was deep into drug money laundering. WF and the other central bankers are all criminals. They run the show and get away with it. Why would anyone trust them with their gold.
Can you envision lack of investment in exploration? No envisioning needed. Happening now--exploration stocks are going nowhere.
Can you envision declining quality of ore production? Sure. Maybe that's when they'll go out and snag a pure gold asteroid. J/K
Can you envision new discoveries have fewer grams of gold per ton than previous discoveries? Again, so what? Gold is not being used up in industry. It's just sitting around or being shifted from one vault to another. It may be money, but if it's not being used AS primary money, more production doesn't matter all that much.
Can you envision the value of gold and silver coins when governments attempt to go cashless? The move toward cashless-ness is already ongoing and PM has done diddly. Ted Butler et al continue to promote silver as money, when in fact it's a controlled and rigged commodity. The war on cash will not help PM because PM is still inextricably tied to cash. Large amounts of cash can and will be stolen by the state in the name of 'civil forfeiture,' but when the cashless moment comes (and I hope it never does because then the populace will become fully enslaved) how will gold and silver save us? Only through barter and in that case ammo, medicine, food, toilet paper, cigarettes, etc will become the leading currencies--NOT PM. Look at Bitcoin--once upon a time I thought silver would be making such a move, but silver lacks the convenience and the transferability. Silver has to be converted into cash first. Try paying for service with silver--say, to someone halfway across the globe. Mailing it will take a lot of time and expense. Insurance...on and on. Bitcoin can be used very quickly and it's not tied to the debt dollar. THAT was why bitcoin had its run and silver has not.
Can you envision JP Morgan being motivated by profit? Yeah.
Can you envision JP Morgan deciding that they can make more money going long than they have by going short in the futures market? No. It's not just about profit but rather control. The criminal central banks want to control competing money. That's why they have to get their grapple hooks into Bitcoin. They want to short and manipulate it just like they do silver.
Can you envision a COT report with Commercials Long and Speculators Short? Not in our present situation, no. I can envision an asteroid hitting Earth and gold and silver STILL going down, though.
Can you envision a global debt so large and unpayable that there will be a flight to safe havens? It's ALREADY 'so large and un-payable.' What are safe havens? Gold and silver? I see no such flight.
Can you envision the Federal Reserve losing control over market forces? Only if the Fed is shut down--and that can happen if We The People wise up and put pressure on the politicians to do it. Trump can be our next Andrew Jackson.
Can you envision the Federal Reserve losing control over the limits of natural resources available in the ground? See above.
Can you envision the consequences of Americans losing their quality of life because the Federal Government and State Governments have spent future consumption? This is already happening. What are the consequences? Humans are capable of great suffering and they build up tolerance. Now, if you take away all of the free stuff and entitlements maybe that will be the spark, but meanwhile people will continue to grind away and live paycheck to paycheck while paying more for food and rent. Oh sure, they may complain and grumble, but if the people were to rise up, they could have done it back in 1913. Instead we'll see many clamor for 'free' stuff and vote for 'social democracy', i.e., socialism. How does gold and silver fit into this equation? Well, PM doesn't do very well under such tyrannical centralization, does it?
Can you envision price discovery when Americans wake up to what is happening in Venezuela? Who's to say they're not already waking up to it? Many have, but they will still vote for socialism to get short term free stuff and end up eating rat dinners. People are irrational!
Can you envision emerging market being so burdened by unpayable debt that they default? That's already happening and they continue to kick that can down the road ad infinitum!
Can you envision the domino effect of defaulting countries? Again, why aren't we seeing this RIGHT NOW? The sovereign debt crisis in Europe drags on year after year, decade and decade as the IMF and ECB entities grab up land and resources. Soon, the banks will own it all and what will the people do? Suffer and try to survive under tyranny.
Can you envision the effect of pension plans defaulting on their promised obligations? Yes, but how will this help PM? What they will do is what they did in Illinois...raise taxes, fees and fines. The people grumble and then accept it...people have a tremendous ability to suffer outrage and suffering without going after the perpetrators with pitchforks and nooses.
Can you envision that there are black swans out there not on this short envision list? Gold and silver could fly to the moon, sure--but what event listed here can cause that? None of them. As long as silver and gold are NOT seen as primary money, but rather King Debt Dollar and as long as PM is tied to that debt dollar, then I don't see much of a pop any time soon. Notice how everyone things of gold in terms of 'how much it's worth--in terms of dollars!" To 'cash' in they must covert it to 'cash.' Hence the primacy of paper--or even digitial debt dollars.
Don't limit yourself, you are better than that. So are you.
Look--our present monetary system is outrageously flawed in favor of a few, fantastically rich and dominant men at the top. It's immoral and disgusting, but the balm of silver and gold will not solve anything. We must wrest control of money from the Fed and central bankers in order to have a sea change. There's no reason we should have to pay interest on money creation to a corrupt, 'Eyes Wide Shut' type oligarchy who think they run and control the Earth. And right now they do.
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