'Catastrophic Collapse' of Fiat System Ahead - 'Stackers Need to Hold On': Ian Everard

Everard expects a fully digital fiat system could delay a catastrophic collapse by letting authorities control money’s velocity and restrict how it is spent; he anticipates at least five years between that shift and collapse. He also argues that stocks, shares, and bonds may not remain accessible in a system-ending crisis, and expects gold and silver to become money again afterward.

Everard argues that silver-price volatility is a major obstacle to retail buying, compounded by U.S. bullion-dealer spreads of $10–$15 per ounce. At the same time, he says retail buying could absorb all available silver and that investable physical silver is too scarce for everyone—even everyone with a million dollars—to hold a position.

Everard says China would need silver for advanced electronics and manufacturing if it expands its role as a manufacturing power, and argues that a buyer accumulating silver would have little incentive to sharply raise or crash its price. He also predicts China will increasingly determine precious-metals prices, citing a 2014 Shanghai Gold Exchange statement that China would set gold’s price when it was in a position to do so, and saying that point is getting closer.