The recent action in the precious metals markets should remind everybody the dire warnings Lindsey Williams has been issuing for years. Hopefully by now everybody managed to secure their assets in some physical form as the end game seems to have started – because at the end of this, what is written on paper is going to be worth the paper is written on!

Please have in mind that what you are hearing in the news about gold and silver is all related to the paper market which is on its way to complete destruction. There will be a period of great confusion and fear mongering, before the current system eventually collapses and everything people will be left with will be what they physically own, paper will all burn in one day. The prices provided in these fictitious paper markets are increasingly distorted, unreliable and temporary. Reports are surfacing that physical gold is being traded at $2000/ounce mark where the paper market continue to stay at much lower prices, and rumors are going around that a default in COMEX is near.

Also in the same “paper” category falls all fiat currencies around the world and various financial instruments where these “assets” can be found like money in bank accounts, stock investments, government bonds, derivatives (futures, options, mortgage backed securities, credit default swaps etc etc), pension funds managed by various financial institutions (who invest in stocks, bonds, derivatives etc).

There are reports of many bullion dealers being out of stock, and the Perth Mint’s website was out all day displaying an error message: