Disorderly Price Increases Coming for Gold & Silver – Craig Hemke with Greg Hunter

Craig Hemke – U.S. Dollar Money Printing Now Exponential

by Greg Hunter
USA Watchdog

Financial writer and precious metals expert Craig Hemke says high demand coupled with low supply will unlock the price of precious metals. Hemke says, “Look, the system is a total fraud. This pricing scheme was devised in 1974 as a way to diffuse supply. It was to make supply appear more readily available. . . . So, now it’s finally crumbling because people are finally figuring out it’s a scam. It’s a confidence game. You may think you own gold . . . but what you own is just a promise. . . . So, now they are being called on the carpet to try to supply gold. . . . When the day finally comes that this pricing scheme is shattered and 50 people show up to take possession of the same ounce of gold . . . that’s when we find out what the true price of gold is.”

What’s driving the demand for investors to get their hands on physical gold or silver? Look no further than Fed President Neel Kashkari who recently bragged on the TV show 60 Minutes about “an infinite amount of cash in the Federal Reserve. We will do whatever we need to do . . .” to basically save the banking system and the economy from the virus chaos gripping the nation. Hemke contends, “Since this QE to infinity program began Monday, March 23, the S&P is up something like 17%. . . . Fundamentally, there is terrible stuff, but that doesn’t mean the stock market is going to go down because of all of this cash being created, and it’s going into the stock market and everything else. So, when I tell you the stock market is up 17%, it should be no surprise, but gold is also up 14% and silver is up 25% in the last 14 days. That is going to continue. . . . Central banks will always print cash to stop a deflationary spiral. Instead, in an inflationary spiral, currencies will be devalued and gold and silver will go higher.”

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