Financial author John Rubino sees a major financial crisis coming. He expects deflation in asset sectors and investors to search for safety. Already, from big and small investors alike, there are major movements to take physical possession of gold and silver. Retail premiums are extremely elevated. Silver inventories on the COMEX are extremely low in the registered category. If exchanges run out of silver, panic buying could set in, he says.
As people try to maintain wealth, we will see panic buying going into gold and silver. We may also see some price drops from people who can’t afford to hold their metals as they get priced out of living due to high taxes and living expenses. The US credit debt has soured over the years, which tells us much of the wealth we are seeing is artificial and reliant on debt. Eventually these credit card companies and or debt holders are going to want their money.
