(Chart source, goldprice.org)
This of course is down from the highs seen earlier this month, which broke previous records for the price of gold bullion and saw silver nearing the $30 per oz mark, however, I believe that this setback is going to be short lived indeed.
The need for personal and financial protection is coming in the near term future, more now than ever due to an ever unceasing number of threats to the system and unfortunately, the vast majority of the population (as typically happens in a time of great crisis), are going to be completely caught off guard.
The Increased Anxiety Rooted in COVID-19
One of these ongoing threats and of which can be argued as the root of many of the other problems that are going to ensue in the coming months, is the continued ongoing COVID-19 pandemic threat.
Depending on the part of the world you live in, this is either greatly diminished, or continuing to escalate.
However, in totality, cases across the globe continue to rise, as do the total number of deaths related to the coronavirus.
Although COVID-19 is not nearly as deadly as what was first predicted, it is largely still unknown, with the "science" seemingly changing with each passing day, leading to people quoting outdated information to each other and other conflicting "facts", that no longer agrees with the new daily developments.
In addition to this, most people of the world have found their lives radically changed, whether it be through business closures, prior forms of leisure lost, or mandatory mask wearing, just to name a few.
This leads to a drastic increase in a number of things, but most notably, heightened levels of anxiety.
This anxiety, due to such a radically changed way of living our lives has manifested itself in a number of ways, whether it be through substance abuse, depression, or violence in a small, but growing number of people.
As we are now seeing, across just about any major city within the United States, senseless violence is becoming an almost daily part of some peoples lives as this anxiety begins to manifest itself.
The protests, which were largely peaceful in the beginning and in response to a heinous act of neglect by law enforcement, have now turned deadly for some and incredibly destructive for many others.
This has led to unfathomable destruction to peoples lives, both physically, mentally and financially, of which some may never recover from.
The Mainstream Media Are Once Again Complicit
Local news and the alternative media have largely done a decent job of covering the riots, destruction and protest, calling a spade a spade and an ace and ace, however, as we have seen so many times in the past, the large Mainstream Media outlets are singing a different tune.
For some reason (of which many of you can speculate on), the MSM have once again gone into pure propaganda mode, seeking to shirk off just about all acts of violence as one offs and call these now nearly nightly events, "mostly peaceful protests".
And although there are many peaceful elements, of which their cause is just and true, there are without a doubt a large, significant portion of those who are taking advantage of the chaos, sowing seeds of destruction and violence wherever and whenever they can.
These acts are not minor nor one offs, they are on such a large scale that the police cannot even control them, only further emboldening these people.
This has led to an ever increasing amount of violence, threat, destruction and anarchy.
Many people feel justified in their actions, as they believe they are fighting an "unjust" system and are hell bent on seeing it fall, one brick at a time.
This is not going to happen unfortunately for them, and fortunately for the vast majority of people who call the West home, as I believe we are hitting a tipping put, a point in which the public is going to say "enough is enough".
The fact of the matter is that there is undoubtedly room for change within the West, but as someone who has traveled the world and seen many other countries first hand, the West has done a lot right and made much progress.
To simply cast this progress aside as meaningless, dismantling it in its entirety would be beyond reckless.
Violence in the Streets Will Not Help Win the Election
Zero Hedge wrote an article covering last nights "protests" following the RNC convention at the White House, in which congress members and their families were harassed and attacked by a violent mob following the closure of the event and as they attempted to head back to their hotels.
It is well worth the read, as you will see some historic on the ground footage, that the MSM would never be willing to show, demonstrating just how lawless things have truly become.
I personally am far from a fan of everything that the RNC represents, but as someone who considers themselves staunchly in the center, I cannot endorse this approach and I know that I am not alone.
Additionally, I believe that more and more footage showing the political left engaging in such a way is going to have the opposite effect of what they are hoping for, pushing more and more people into the hands of supporting President Trump, possibly even securing his re-election come November.
At the moment, the only ones openly condemning the violent protesters are those on the political right, however, I hear more and more concern privately among those have always considered themselves on the left.
Lawlessness breeds fear and the vast majority of people always vote to protect themselves and their families. Which is why I believe the MSM are attempting to downplay the violence in such a meaningful way.
The November to End all Novembers
The Presidental Election between Joe Biden and Donald Trump officially takes place on November 3rd, however, it is largely being speculated by many that the results will not be known that day.
This is due to a large percentage of population taking place in "mail-in voting", much more than any other time in prior history.
Many believe that this is going to lead to ungodly amounts of "funny business" and conspiracy theories are raging on both the left and the right, with both sides already stating that the other is "rigging" the election.
This in addition to the political divide, of which has never been so great since the Civil War, is going to lead (in my opinion) to nether party accepting the results immediately.
This will lead to countless recounts and possibly even a "hung" election if one side does win overwhelmingly.
If this occurs, hold onto your seats, as an extreme amount of chaos and volatility will be unleashed across the United States, that will have a rippling effect across the rest of the world.
Even if this does not occur, I believe that violence and anarchy are only going to increase, until the point in which one side is forced to put a "hard boot" on the other, which is a scenario that throughout history has never ended well.
In Conclusion
The fact of the matter is that we have brush fires all across the world, some of which are threatening to become blazing infernos at any moment.
In the meantime, we have a global pandemic, unfathomable fiat money creation and unaccountable debt creation, all of which would be bad enough in isolation, let alone occurring all at once.
It is only a matter of time before the back of the system as we know it cracks under all of this pressure, causing great financial chaos and destruction.
Precious metals in this scenario will rise higher and higher, as people seek the safety that only they can offer in times of extreme volatility.
I believe these reasons are exactly why Central Bankers and now the "smart money" are beginning to move into the metals in a meaningful way.
Sadly, as previously mentioned, much of the general public will be to late for the "party", missing these artificially depressed prices that cannot and will not last forever.
Prepare accordingly.