Liberty and Finance, Released on 4/17/25 (Recorded on 4/16/25)

Ed Steer warns that the current paper-based financial system is collapsing, as evidenced by gold’s explosive rise to $3,300 per ounce. He highlights unprecedented physical inflows of gold and silver into the U.S., driven by major bullion banks taking delivery and exiting paper markets. Steer emphasizes a looming global silver shortage, citing a structural deficit of nearly 679 million ounces over the past four years. He strongly urges individuals to acquire physical precious metals—especially silver—before demand overwhelms the limited supply. Drawing from decades of experience, he reminds listeners that true value lies not in fiat, but in tangible assets like gold and silver, echoing Thomas Jefferson’s timeless warning: “Paper is poverty.”

0:00 Intro
1:30 Demand for gold
5:10 Silver deficit
10:31 Retail investor
17:30 Physical silver
21:20 The elite
27:45 Paper is poverty

Ed Steer is the founder of Ed Steer’s Gold and Silver Digest and a director at GATA.org.

  Ed Steer, gold, precious metals, silver