Consequences often do not show up for an extended period of time, but when they finally arrive they can be exceedingly painful. For decades, our leaders have been making incredibly foolish decisions, and for decades people like me have been ranting about it. But most people thought that everything must be okay because the consequences of those incredibly foolish decisions did not hit us right away. Sadly, a time of reckoning is now upon us, and that is the primary reason why gold and silver are skyrocketing. The price of gold has hit $4,300 for the first time ever, and the price of silver has hit $53 for the first time ever. It is exciting to see gold and silver prices rapidly increase, but it is imperative to understand that what we are witnessing is a flight to safety. At this moment we are facing a government shutdown, an unprecedented global trade war, a liquidity crisis, a cryptocurrency catastrophe, a housing market implosion, a cost of living nightmare and mass layoffs all over the nation. Economic time bombs are starting to explode all around us, and the outlook for the months ahead is not promising at all.
The post Gold And Silver Are Skyrocketing Because Investors Are Scrambling To Avoid The Economic Time Bombs That Are Beginning To Explode All Around Us was first published by Michael Snyder on The Economic Collapse Blog and is republished here with his permission. Please support his efforts.
