Silver & Gold Price: The Breakdown with Mike Maloney

The bankers dug their grave in 2011 when they attacked gold and silver prices. That removal of collateral from the system started the second leg of the collapse, while at the same time buried them in gold and silver debt.  Everything they have done since then amounts to doubling down on a mistake.  There is nothing they can do to get rid of their PM debts or stop the demand for real metals.  They may sacrifice the COMEX, but the price of the real thing will do the only thing it can do once the bankers run out of other people's property to deliver.  I don;t expect the bankers to give up.  I only expect them to lose in train wreck fashion. The bankers have not made one correct prediction or choice yet.