SRSrocco: GOLD BACKWARDATION SINCE 2008 = FINANCIAL SYSTEM DIED

By SRSrocco:
Backwardation of gold and silver have been going on since 2008 — the year the financial system died.

Today, I watch as the majority of gold and silver bugs get PULLED down by the constant MOPE and misinformation by MSM. The Financial System died in 2008. The Big Banks are Zombies walking around getting increasingly weak every day. This is a huge disaster… and most in the USA have no clue.
SIGNS ARE STARTING TO SHOW

The Great Global Supply Chain System is now starting to show signs of buckling.
The manipulation of the price of Gold & Silver as well as the miners is an attempt to keep this system based on credit and debt alive a little bit longer. However, each attempt and manipulation has made the system even weaker.
I believe we are now BEYOND THE POINT OF NO RETURN.

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4 comments on “SRSrocco: GOLD BACKWARDATION SINCE 2008 = FINANCIAL SYSTEM DIED
  1. Peter Karwacki says:

    I use a simple indicator, the margin of difference between spot and physical silver maples at Scotia Mocatta – granted not the cheapest supplier of physical but any way, today, the margin reached the highest level I have seen in three years.

    spot 34.12 US
    Silver Maples $28.49 Cdn

    This ratio has varied but today it stands at 19.6%

  2. Peter Karwacki says:

    I use a simple indicator, the margin of difference between spot and physical silver maples at Scotia Mocatta – granted not the cheapest supplier of physical but any way, today, the margin reached the highest level I have seen in three years.

    spot $28.49 US
    Silver Maples 34.12 Cdn

    This ratio has varied but today it stands at 19.6%

  3. aleksy says:

    @Peter Karwacki—-since Scotia Mocatta is not the cheapest physical supplier, why do you use them anyway?

  4. Mini US says:

    Just shows how much these precious metals buyers/sellers are making and it is becoming more.

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