WEB Notes: This is why you do not dump all of your eggs in one basket. The children of Satan control the financial system and this includes precious metals as well. Today’s metals market mainly consist of “paper silver and gold”. Quite literally they are trades on paper, the physical metal does not exist in the quantities it is sold in paper. The numbers are staggering to be frank. With that said, Gold and Silver have never been worth zero and I believe that will hold true looking forward as well. This is the reason you should have some (not all), some on hand.
With the world closest to World War 3 since the cold war era and Russia about to unleash escalating sanctions of Turkey, it makes perfect sense that ‘investors’ would want to purge themselves of precious metals. Someone decided that Friday after Thanksgiving would be the perfect time to dump over 18,000 contracts (around $1.9 billion notional) sending the price of gold futures to their lowest since Oct 2009, below what Goldman called a “crucial level.”
Source: Gold Plunges Below “Crucial Level”, Lowest Since Oct 2009 On $2 Billion Notional Flush | Zero Hedge