Why Are Gold & Silver Price Surging? Is the System Finally Crashing?

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In this video I talk about silver price and gold price going up this week. I talk about gold price being a few dollars away from its all time high and silver price hitting a high for the year! Silver price is still about $1.40 off of its 12 year high but it is charging higher faster than gold. The gold silver ratio is below 90 again. Why are gold and silver price going up? I talk about the CPI for FEB being released today and also the massive amounts of silver and gold that are being shipped to the USA right now. Record amounts of gold are being imported right now but why? Josh Phair the CEO of the Scottsdale Mint weighs in on the gold imports. I talk about the fact that Basel III is supposed to start this summer on July 1st making gold a tier 1 asset for the banks. Is this one reason for the gold flowing in? Basel III has been pushed back for many years but may finally be going into effect. As I have said before when it comes to gold and silver if you can't hold it then you don't own it.