Paul Craig Roberts-Economic House of Cards, Demand for Gold and Silver Very Very High

Paul Craig Roberts-Economic House of Cards, Demand for Gold and Silver Very Very High

Greg Hunter
Publicado a 28/07/2015

Former Assistant Treasury Secretary Dr. Paul Craig Roberts has repeatedly called the global economy a “house of cards.” Currently, demand for physical gold and silver is spiking even though prices are falling. What does this mean?

Dr. Roberts says, “Some people clearly understand it, and that’s why the demand of gold and silver is so high that it often cannot be met. Right now, for example, the U.S. Mint has suspended all sales of Silver Eagles simply because they cannot get enough silver to manufacture the coins to meet the demand. We see that the gold trusts are being depleted. We see extraordinary amounts of withdrawals from the Shanghai Gold Exchange. So, we know the demand for gold and silver is very, very high. Some people know that, but the financial press operates to disguise what’s going on. The financial press says the reason the demand for coins is so high is the price is falling. What made the price fall?

Only two things can cause the price of gold to fall. One has to be a great increase in supplies . . . but that’s not what’s happening it’s the opposite. . . . The only other thing that could cause the price to fall is a massive decrease in demand. We are seeing a massive increase in demand. The paper market is driving down the price and it’s fraudulent. All these stories are coming out in the press that gold is not money. It’s a pet rock. . . .”