Metals
The Silver Spot Price Scheme is Breaking; Commodity Money Returns!
from GoldSilver Pros:
The Silver Spot Price Scheme is Breaking; Commodity Money Returns!
Ian drops by the program to discuss the spot market breaking apart. No longer controlled by the London OTC market and COMEX, spot prices for precious metals are being controlled at the wholesale level.
The long term effects are that the derivative markets on the precious metals will fail, and people will look to local markets to set prices.
At the same time, the people are going back to commodity money including gold, silver, copper, and nickel in an environment in which the world markets scheme is disintigrating.
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