I believe the paper gold and silver markets are holding down the price of precious metals. There is a lot if not most of the gold that is owned on paper that does NOT exist anywhere. The only gold and silver that might help you out in a SHTF scenario is what you can physically lay your hands on. In that case silver would be of more value due to its lesser value per ounce allowing for smaller purchases. And pre 1965 coins would be accepted without assay or suspicion anywhere silver is accepted.
If gold was priced in relation to its true supply without the fake paper gold (and silver) there is no telling how high the price would be. That cannot be allowed due to the exposure of the worthless USD and other fiat money.
Well said. The fake paper gold and silver create the impression to the market that there is many times the amount of gold and silver in existence vs what actually does exist, thus suppressing its value.
