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Author Topic: James Turk: I知 Expecting A 30 To 1 Gold To Silver Ratio Down The Road  (Read 16 times)
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July 06, 2018, 01:39:54 PM

With Russia recently dumping 50% of their U.S. treasuries - and for the record it wasn't a real significant volume, however, the gesture was huge - Russia also recently ask their Russian companies to move out of the SWIFT system and into their alternative payment system that is tied directly to the Chinese alternative to the SWIFT system.

Would you say Russia is really the canary in the coal mine for some type of change in the global monetary system and is this part of the overall nonstop attacks by western corporate media against Russia?

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July 06, 2018, 11:18:52 PM

Well, I think that it is extremely realistic.

Considering the fact that for most of history, the gold/silver ratio was actually around 12-16, and right now that figure is more in the vicinity of 80-100, it's safe to say that some kind of adjustment to this ratio downwards will be coming soon.

That's a primary reason why I'm bullish on silver, much more so than gold. Both of them are still good store of values in the long run, though. That's a given. I'd always hold at least some silver and bitcoin as a long term hedge in my portfolio.

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