News Link • Gold and Silver
The System Is Starting To Crack - Home Prices Plummet As Silver Hits $100...
• The Economic Collapse BlogThere are all sorts of signs that the relentless pressure that has been causing an enormous amount of stress on our financial system is starting to break things. Do you remember how bad things got in 2008 and 2009 when home prices fell dramatically? Well, as you will see below, it is beginning to happen again. Meanwhile, the price of silver and the price of gold both just keep setting brand new record high after brand new record high. That is music to the ears of many of my readers, but for large financial institutions that are holding enormous short positions that has the potential to be absolutely catastrophic. I think that we will be shocked by how violently things start to break loose in the financial system in the months ahead.
For decades, those that pull the financial strings in the western world were able to keep the price of silver and the price of gold within ranges that they considered to be acceptable.
But now everything has changed.
A year ago, nobody was predicting that the price of silver would hit $100 and the price of gold would nearly reach $5,000 in just 12 months.
But that is precisely what has occurred…
Silver prices rose above $100 an ounce ?for the first time ever on Friday, while gold hit another record en route to $5,000/oz as investors pile into safe-haven assets amid geopolitical turmoil and on expectations for U.S. interest rate cuts.
The price of silver is up more than 200 percent over the past year.



