Liberty and Finance, Released on 8/31/24 (Recorded on 8/28/24)
Ed Steer emphasized that shifts in global financial dynamics might soon mean commodities, including precious metals, will be priced in currencies other than the US dollar. As the current financial system shows signs of instability, Steer advocates for physical silver as a wise investment. He explains that concentrated short positions by major traders have long manipulated commodity prices, maintaining control within the American financial sphere. This manipulation, according to Steer, helps mask the debasement of fiat currencies and could be challenged by emerging financial frameworks from BRICS nations. He predicts that the divergence between Western and Eastern precious metal prices will grow, driven by the East’s growing demand and strategic accumulation of physical metals.
0:00 Intro
1:30 Silver short positions
11:30 Free speech
15:30 Financial protection
18:45 Metals manipulation
24:10 East vs West
29:00 Buying opportunity?
32:00 Ed Steer online
33:35 Weekly special
Ed Steer is the founder of Ed Steer’s Gold and Silver Digest and a director at GATA.org.