“My biggest black swan is that I think I’ll be right one day. My worry is that one day they just shut everything down.
Sooner or later you have to write off the debt or you have to inflate it away.
If they inflate it away, then the reason for gold and silver to go higher will be incredible. If they deflate it away, the need for people to take their money out of banks so the depositor doesn’t lose money becomes all that more apparent. And where do you put that money you take out of the bank? Well, the logical thing is to have it in gold and silver.”