How To Escape The Economic And Financial Destruction To Come: “There Are Plenty Of Us Fearing The Economy”

Joseph Grasso is the CEO and President of Golden Arrow Resources. This week he joins The Daily Coin to discuss the the fear and instability being created by the Federal Reserve and U.S. government. As Grasso notes, the Federal Reserve is acting like a bunch of children playing games in the backyard. One minute they say they’ll raise interest rates, the next minute they change their minds. This has left uncertainty in investment markets across the world.

The end result of these games will likely be continued degradation of the global economy and an eventual run into anything of real, tangible value. It’s been reported that many investors are already exiting overpriced markets, and according to Grasso, the only escape from the monetary destruction to come will be what he refers to as the “metals of panic.”

Watch the full interview:

They’re worrying everybody… there are plenty of us fearing the economy… everybody is saying let’s make an escape.. let’s buy silver… let’s buy gold… these are the metals of panic, especially gold.

… In 1980 15 ounces of silver was equivalent to one ounce of gold. We are now 70 ounces of silver to make up one ounce of gold… that is extreme. The ratio has got to be re-established. Silver, in addition to what gold does [as a monetary metal], has the industrial demand… this demand is at least 50% of its production and production dwindling.

Gold is going to do extremely well and silver will do better than gold.

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