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Bix Weir: Crash Could Come in March; $6,000 Silver Possible

21 Feb

2006 Silver Eagle 20th Anniversary Reverse Pro...

Image by Madbuster75 via Flickr

Bix Weir is the author of the “Root To Roota” theory which claims that Alan Greenspan (and even Ben Bernanke) are “good guys” who are trying to intentionally collapse the economy in order to strike a mortal blow against fiat currencies and force the world to return to a gold and/or silver standard for money. The idea that the Federal Reserve System is and has been run by guys determined to destroy the Federal Reserve System strikes me as extremely improbable.  Are we to believe that the people that Greenspan and Bernanke work for are so stupid that they couldn’t figure what the two Fed Chairmen were really up to?  I don’t think so.

Weir’s argument that $6,000 silver is possible is rational, but I wouldn’t bet on it. The current price of silver would have to rise about 1,700% to hit $6,000.  I doubt that such a rise could take place except in the midst of such violent chaos that common lead (as in bullets) would be far more valuable than silver.  But it’s a virtual certainty that the price of today’s silver will rise by 3 to 10 times in the foreseeable future.  Isn’t that enough to encourage you to invest in silver (or gold)?

As for Mr. Weir’s prediction that an economic collapse might occur by the end of this March–who can say?  Last year, Mr. Weir was sure the system would collapse last December.  Didn’t happen.  The economic system is so fraudulent, unstable and vulnerable that it could collapse tomorrow.  On the other hand, that same system is also so well (and corruptly) “managed,” that it might survive for several more years.

Nevertheless, excepting the argument that Greenspan/Bernanke have been working to destroy the Fed and fiat monetary system, I agree with much of what Mr. Weir predicts.  More, the facts he presents concerning gold and silver seem to be credible.

Here’s the first of three videos (each less than 15 minutes long; about 45 minutes total) of a Bix Weir interview.  Finish the first; you’ll see links to the second and third.  They’re worth your time.

http://www.youtube.com/watch?v=Lwkpr8D-Fjc

Here’s another earlier video (00:03:40) dealing with the coming “silver rocket,” Ron Paul, and the coming economic collapse:

http://www.youtube.com/watch?v=u-owMEgK95c&feature=relmfu

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4 responses to “Bix Weir: Crash Could Come in March; $6,000 Silver Possible

  1. Tony Barbieri

    February 21, 2011 at 9:49 AM

    Hi Al,

    Just listened to all 3 – thanks. Yeah, it is hard for me to believe Greenspan is one of the good guys.

    I actually bought a fair amount of silver because of these kind of predictions. Do you think the value of silver against the FRN might rise a lot more than other items (such as food, oil, etc.)?

    Tony

     
    • Adask

      February 21, 2011 at 1:13 PM

      It seems a virtual certainty that the prices of gold and silver as a commodity will AT LEAST rise in proportion to inflation. I.e., if the prices of crude oil and pork bellies double, we can expect the prices for gold and silver to also double. There’s no profit potential in gold/silver that merely keeps up with inflation, but so long as gold/silver prices rise in proportion to inflation, whatever wealth you’ve stored in the form of gold/silver will protected from loss. On the the other hand, if you’ve stored your wealth in the form of US dollars (or perhaps even US dollar-denominated debt instruments like stocks, bonds, pension funds, cds, etc.), inflation will attack and reduce your real savings.
      But given that the US fiat dollar is dying–it’s lost AT LEAST 40% of its purchasing power over the past decade–the relative prices of gold/silver as monetary metals are virtually certain to increase at rates that exceed the rater of inflation. If so, this implies that those who hold gold/silver will not merely protect their wealth (purchasing power), but watch that wealth actually increase in value.
      Finally, the Gold Anti-Trust Action Committee (GATA) and others have virtually proved that the real “free market” prices of gold/silver have been artificially suppressed for at least a decade (and probably 20 years). The purpose of this suppression was to maintain an illusion that the US dollar had more value than was truly the case.
      If GATA’s contentions are correct, then the the “true” price of gold/silver has been held down somewhat like sitting on a spring. There’s a lot of potential energy in that “spring”. When the means of suppressing the price of gold/silver fail (as appears to be happening now), the prices of gold/silver may suddenly “spring up”. If so, by artificially suppressing the prices of gold/silver for most of a generation, government has effectively guaranteed that investments in gold/silver will inevitably skyrocket.
      Historically (for centuries, perhaps eons), the price ratio between gold and silver has been between 16 and 20 ounces of silver to 1 ounce of gold. The current ratio is about 42 ounces of silver to 1 ounce of gold. If the historic ratio is revived, we can expect price of silver to increase at least twice as fast as the price of gold.
      And then, note that the gov-co WANTS serious inflation in order to reduce some of the existing debt. I.e., by inflating the US dollars, gov-co (the world’s biggest debtor) can repay its debts with cheaper dollars and thereby rob its creditors. Gov-co’s need to inflate constitutes a GOVERNMENT GUARANTEE that the prices of gold and silver will continue to rise.
      There’s no such thing as a risk-free investment. However, the constellation of facts concerning gold/silver suggest that it’s almost impossible to lose by investing in gold/silver at this time.
      My guesstimate is that over the next 2 years the the price gold will at least double. Silver will probably triple or perhaps even quadruple.
      We shall see.

       
  2. Dan

    February 21, 2011 at 12:10 PM

    At the time of this writing, silver is up, oh…19% since the beginning of the month. So, what do you think?

    Did you sign a receipt for the silver?

     
  3. Glen Woodfin

    February 22, 2011 at 12:10 AM

    I believe in this kind of prediction and I can foresee it happening in silver. The rise of its value will shoot up because of the increasing demand for this metal. I bought some myself because it is a very good investment.

     

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