Silver: They'll Just Change the Rules

In this podcast, the speaker discusses the recent surge in silver prices and addresses rumors circulating on Fintwit about a potential collapse of the global financial system due to silver. The speaker, while a long-term precious metal bull, expresses skepticism about the immediate collapse scenario. Drawing parallels with the Hunt Brothers' attempt to corner the silver market in the 1980s and more recent events like the nickel market surge and the Kellogg's options trading day incident, the speaker argues that the system will always protect itself by changing the rules if necessary, potentially disadvantaging individual traders or firms. The speaker advises listeners to monitor for significant rule changes as a signal of potential market distress, while acknowledging the long-term potential of precious metals due to dollar devaluation.