....If silver fails to deliver, then what you are going to have in the gold market is buyers stepping up that normally would not even buy and ask for delivery. . .. The bottom line is if silver fails to deliver, gold will fail to deliver in 24 hours. Once that happens, then confidence breaks. . .. You are looking at two quadrillion dollars in derivatives in a global economy with $350 trillion in debt with an underlying $100 trillion annual GDP. The math does not work. I think silver, and I have said this for many years, silver will be the spark or the fuse that lights off gold, which then lights off the derivatives time bomb. Warren Buffett calls derivatives weapons of mass financial destruction.”...
Mr. Gold thinks this kind of global debt will go bad fast. Holter warns, “When this thing cascades and collapses, you are either in place, or you are out of place. If you are out of place, you will not be able to repair your mistake. It will be a lifetime mistake to have not gotten ready. Let me just say there is a difference in being early and being wrong. In 2000 to 2005, if you were buying gold or you were buying silver, you were an idiot, a complete idiot, and people thought you walked around with a tin foil hat on. . .. Now, we are at the point where the best place to have invested your money since January 2000 would be in gold or silver. When Noah was running around building his ark, he looked wrong. He was not wrong–he was just early."
