"Fiats are collapsing. This is the Hunt brothers on steroids because you have the entire world buying physical. The Hunt brothers got into trouble because they were buying paper contracts, and COMEX changed the rules. COMEX can change any rules they want... it won’t matter because the rest of the world is buying cash and carry... they will not accept paper contracts. They want real physical metal.”

Here is where it gets both interesting and dangerous. What happens if the short sellers cannot deliver the silver promised? Mr Gold says, “People say if they can’t deliver, and I am going to tell you at some point they will not be able to deliver, when that moment happens, it’s game over for the entire financial system."

What you are seeing in the gold and silver markets now is far from a top. This is just getting started. Mr Gold says, “These contracts are a zero-sum game. There is a winner and a loser. If the loser loses so big that they go belly up, then the winner becomes a loser because they can’t get paid. That is the problem... When this actually hits and there is a failure to deliver, gold and silver will be wiped off the shelves, and there will be none to be bought. What you are witnessing is the end of trust. When you have the end of trust, the confidence breaks and credit is forthcoming only when there is trust. Once confidence breaks, the credit markets will begin to seize up. When credit stops, it’s game over.