Manage episode 289551231 series 1217376
I have Precious Metals story that should put a smile on your face and some spring in your step.
I've been talking about the benefits of investing in precious metals for over 10 years.
If we are going to be completely honest with each other the conversation had tended to be dark.
FIAT CURRENCY IS GOING TO CRASH
THE DOLLAR IS GOING TO COLLAPSE
FINANCIAL ARMAGEDDON IS COMING
CENTRAL BANKS MANIPULATE PRECIOUS METALS PRICES AGAIN
MANIPULATION OF THE PRECIOUS METALS PRICES EXPOSED AND REGULATORS EITHER LOOK AWAY OF GIVE THE PERPETRATORS A SLAP ON THE RISK FINE.
MANIPULATORS OF PRECIOUS METALS PRICES DO IT AGAIN.
I've known precious metals experts who have spent their entire lives and careers waiting for the manipulation to end, true price discovery to happen, and triple-digit silver prices.
But face it. Up to now the best story we have had for the precious metals is the big bad wolf and the three pigs.
We all know the winds of economic destruction are coming and will blow this house of cards down.
But thank goodness precious metal investors are not like the pig who built their house of fiat currency.
Thank goodness precious metal investors are not like the pig who built their house of stocks and bonds.
The houses of those investors will be blown away.
Precious Metals investors built their house with a solid foundation of physical precious metals - silver and gold.
But the precious metals and specifically silver has a brand new story. A story of coming silver awareness, higher silver prices, and true price discovery.
Ivan Bayouhki established WallStreetSilver, a Reddit group that promotes silver. The group, calling itself the Silverbacks now has over 51,000 members. According to their press release, the goal of the group is to spread awareness of silver. The group wants to spread the word that silver can protect your wealth.
Ivan started a gofundme page to increase awareness with a nationwide billboard campaign.
The gofundme campaign collected over $105,000 in the first 24 hours and continues to grow with donations not only from individual forum members but also from large silver producers, precious metals firms, and precious metals funds.
They have already announced multiple billboard locations in Cincinnati, Ohio, Las Vegas, Nashville, TN, Oklahoma, Buffalo, NY with more to come.
Don't tell me that the Silverbacks and WallStreetSilver isn't having an effect.
Endeavor Silver, a major producer of silver is actually holding back almost 45% of their 4th quarter production in the belief that higher prices are coming.
It's reported that mints such as the Perth Mint have run out of physical silver and are supplying clients who are demanding delivery that they accept bars refined in China.
You'll be hearing more about the new precious metals "David versus Goliath" story in upcoming posts featuring Ivan, WallStreetSilver, the SilverBacks, and the billboard program.
Be sure to listen to my interview with Ivan at the top of this post.
Go to https://preciousmetalsinvesting.com for more information about the Silver Squeeze, WallStreetSilver, and the billboard program. Get free precious metals investing tips and more.
Check out the latest from Wall StreetSilver at https://www.reddit.com/r/Wallstreetsilver