This is the end of the fiat monetary era where credit will disappear for a while and all the purchasing power that now is imagined to be in credit actually goes into gold and silver and the endgame ratio will be somewhere around 15 to1 could be 20 could be 10 and as we get into the final financial crisis that leads to the Fed cutting to zero spitting out dollars into the banking system people are going to start to panic not into Bitcoin not into tech stocks not into anything else but gold. And the price of everything is going to


continue to fall in terms of gold, in terms of silver, most of all the price of Bitcoin, which will we're going to see paper market losing massively against real markets or real commodities like gold and silver. I expect this to last many years, 5 years, 10 years, maybe longer. It's a new monetary era and that will lead to the end of the present currencies as we know them. But remember what I'm saying here that is that gold and silver are in an era where they will go up by multiples for me.


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Start investing fearlessly, wisely, and with a clear strategy. The financial system is entering the terminal phase of the fiat monetary era where credit availability is expected to vanish, forcing imagined purchasing power to flee exclusively into physical gold and silver. As the illusion of paper wealth evaporates, capital will concentrate intangible assets, likely driving the gold to silver ratio down to historical norms of 15.1 or even 10.1. This realignment represents a fundamental transfer of wealth, stripping value from


the debt-based system and restoring the monetary primacy of precious metals. Rafi Farber, creator of the Endgame investor, and Egon von Greers, founder of Matterhorn Asset Management, break down this systemic shift. As the Federal Reserve attempts to combat the final crisis by cutting rates to zero and flooding the banking system with dollars, the resulting panic is predicted to bypass speculative assets entirely. Unlike previous cycles, capital is expected to shun Bitcoin and tech stocks, which may collapse in real


terms and pivot solely to gold. This marks the dawn of a new monetary era in which paper markets will lose massively to real commodities over the next 5 to 10 years, signaling the definitive end of currencies as we currently know them. Now, we present the clips from Rafi Farber and Egon von Griars's interview. Gold is up 86% since January 2025 and silver is up 155%. You have to bear that in mind when you look at these corrections. Of course, both gold and silver are up massively in the last


year. Now, just look at for example the standard and pores against gold. If you look at that chart, gold has just bottomed against the standard and pores index and has just turned up and broken now the downtrend and is in a clear uptrend. And that uptrend is a multi-anual uptrend. So, we're going to see paper market losing massively against real markets or real commodities like gold and silver. I expect this to last many years, five years, 10 years, maybe longer. It's a new monetary era


and that will lead to the end of the present currencies as we know them. And of course, it will also lead to the end of the financial system as we know it. It's not going to totally finish of course, but it will be totally different in a few years time be restructured because banks will have problems and many banks will fail. Sovereign bond markets will also collapse. interest rates will go up to percentages that we saw in the 1970s which is high teens 20% maybe even higher and there'll be high


inflation. Let's look at the fundamentals of the actual precious metals as I pointed out at the beginning. The precious metals correction that we've seen now is a totally normal correction. And obviously the investors that have bought in the last couple of weeks, they're slightly down now. But you know, gold for example is actually unchanged on the year while silver is a bit down on the year just marginally. So the move is so fast that we forget the price just a few weeks ago. But remember what I'm saying here


that is that gold and silver are in an era where they will go up by multiples from here. And you know obviously measuring it in in paper currency like dollars or euros or or yen doesn't give the true picture. That is not the real appreciation of the precious metals. The real one is if you measure it in house prices or in cows or chickens but nobody does. It's so convenient to use dollars. Investors should really not look at how much money they're making in dollars or how many dollars of metals they have.


They should look at instead how much gold they own and how much silver they own and measure that in ounces or kilos or grams if you want. And that's a true measure rather than looking at a paper price which is actually meaningless when the currency is being debased by the day. This is the main reason why I say this is not the market of 2011. It's not the market of 20 of 1980 rather. This is a very minimally speculative market. There's something going on in a more fundamental level in gold and silver


right now. And this is the proof of that. We are now at 400,000 contracts open in gold futures open interest for the first time since bare market bottom 2015. Or you could say here we're briefly below it in 2016. Fine. But basically this area of open interest is at a bare market bottom level. So that's that's pretty extreme. The only other times where we touched that level since bare market bottom was in the beginning of 2016, the very very beginning of the bull market that we are currently now


still in and in the beginning of 2017 over here and at the beginning of end of 2018, beginning of 2019 when this real move started to get underway and we broke the six-year trend uh the six-year trading range that we broke in 2019. So you can see here that these were all major lows in the gold price. Price has not gotten anywhere close to that since. And if open interest is at 400,000 now, you can bet that we are somewhere around a bottom if not in time than in price. Meaning it could take a few more weeks


for the price to stabilize and re begin its uptrend again. But open interest is not going to get much lower than this. Uh, so we're at a low here or around a low if not in time than in price in gold. 140,000 contracts erased in 10 days. 10 trading. I don't think you think this has ever happened except maybe once in the 1970s. Uh, could be, but not in the modern era. This has never happened before. You can see here that the high in open interest was about $542,000. No, 542,000 contracts, excuse me. uh


over here in late January and 10 trading days later we are at 400,952 contracts. This is unprecedented. This is pretty extreme. That means all the speculators are out or almost all the speculators are out of gold futures and there is plenty of room for a massive run going forward with increased open interest. All the averages are intact and the weekly close is steady. This is gold prices on a weekly candle chart. And you can see here that on a weekly closing basis, despite the surge and the crash that is uh freaking all the gold


bugs out and destabilizing emotions here, you can see on a weekly closing basis, we're pretty even. We haven't moved much at all. The weekly closing is about $5,000. That's where we are today. Uh so it's more accurately, we're coiling here on a weekly candle basis. The gold price is stabilizing. It is not crashing on a weekly basis and we are going to head higher pretty soon as the dollar continues to deteriorate. Here's another reason why this is not the 2011 uh silver market. This is not the 20


1980 silver market. This is something completely different. Please subscribe to our channel and activate the bell icon for timely updates.