Silver prices soar above $70/oz for the first time in history, now up +144% YTD.
When the price of silver doubles this quickly, it’s rarely a good sign. It almost always means people have lost faith in their leaders and money.
This happened right before the Fall of Rome, during the French Revolution, and when the Spanish Empire collapsed.
It triggers a massive transfer of wealth: the poor get left behind with worthless paper money and the rich protect themselves with gold and silver.