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Oil Crisis, Stock Crash, Gold Crypto-like Gains | Steve St. Angelo

Silver Doctors, Released on 1/11/18

Steve St. Angelo tells Silver Doctors global oil production will fall off a cliff, collapsing the markets and making people run for gold.

St. Angelo discusses how global debt is growing nearly three times as fast as global assets. “It’s taking a lot more money printing to keep the economy going forward,” St. Angelo says.

He notes energy consumption and economic growth are disconnecting. Wealth is growing, but energy consumption isn’t growing as fast. What accounts for the disconnect is debt. Debt has created a false sense of wealth.

To make things worse, St. Angelo sees global oil production falling off a cliff. If oil supply falls, the stock market will collapse, he predicts. However, gold and silver could have cryptocurrency-like gains.

Steve St. Angelo is an Independent researcher who started to invest in precious metals in 2002. Later on in 2008, he began researching areas of the gold and silver market that, curiously, the majority of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI – Energy Returned On Invested – stand to impact the mining industry, precious metals, paper assets, and the overall economy. His work can be seen on numerous online publications, but his website, SRSrocco Report, is highly regarded as one of the most invaluable publications of its kind in the sphere of precious metals and the economy.

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