The question I have is this. What happens when that veneer of safety is peeled away revealing a country ruled by mobsters, where the rule of law is as suspect as Diddy's parties?

Gold is sniffing things out.

And yet….

Adam Taggart posted the below and it lines up with what we're seeing in the markets. There is still very little participation by institutions and almost nothing from retail.

"Gold & silver investors might find this interesting:

I just got off the phone with a veteran gold dealer/shop owner.

Despite gold rising to an all-time high this year & silver's recent surge to $35/oz, he's not seeing any boost in buying enthusiasm from the general public Premiums on PMs are low right now due to this lackluster demand In fact, his customers are net sellers.

He says the only movement he's seen is that maybe the ratio earlier this year of 5 sellers for every 1 buyer has now decreased to 3 sellers to 1 buyer.

These sellers mostly fall into the following categories:

bitter folks who bought back in 2012 who have been waiting to get back to even (nominally)

"loose hand" investors who have enjoyed a nice short-term return & simply want to pocket the profit

people who need the money. So, if the bull market indeed runs higher from here, he thinks we're still in the early innings of it.

The general buying public doesn't get involved until the final inning or two…and he doesn't see us as anywhere near that.

Currently his store has few customers per day and most transactions are done by appointment. He contrasts this with the early 1980s gold run when he'd arrive at the shop to find a line outside the door stretching around the block. In those days, he'd had to let the sellers in first, so that he'd then have inventory for the buyers to purchase!"