Ted Butler’s “Bonfire” & Terra Incognita

We are in terra incognita going forward, as this 50+ year Anglo/American/western price management scheme in the precious metals is in the process of breathing its last. It’s been a long time coming — and it’s not possible to know over what time period this will play out, or what the end result will be. But far higher prices…plus permanent shortages in all four…is a certainty, as hoarding by nations in their own economic interests will become inevitable — and the word ‘unobtainium’ will permanently enter the lexicon.