Gold and silver expert Rob Kirby says the metal central banks are most fearful of is silver. Kirby says, “Silver is Kryptonite to central bankers. . . . Why? Because they don’t have any. They don’t have physical stores of silver to feed into the market to beat the price down. So, recently, to stem the rise of silver, they have really been attacking the price of gold. The whole notion there is if they beat the price of gold down, silver will decline in sympathy with the attack on gold.”
On the ongoing dispute with China losing part of its claim to the South China Sea at The Hague, Kirby says, “It’s really just another case of rising geo-political tensions. In recent weeks, Vladimir Putin has been making some very strong statements regarding the actions of the West and NATO, very provocative actions. Putin actually issued a very terse warning to the West last week saying we were headed for a nuclear conflict if the West's aggressive posture continues.”
So, does the West want war? Kirby contends, “Typically, when money fails, the elites take us to war. That is a constant in history.”
Join Greg Hunter as he goes One-on-One with macroeconomic analyst Rob Kirby, founder of KirbyAnalytics.com.