As Global Tariffs Escalate, The Elites Are Buying Silver

In this episode, Andrew Sleigh from Sprott Money unpacks the deeper implications of Canadian tariffs on China, the accelerating gold and silver markets, and what a weakening USD means for everyday Canadians. He explains how the rising gold price reflects a global loss of confidence in fiat currencies, and how the silver price could surge as more sectors underperform and investors seek real assets. From the looming CBDC rollout in Europe to how the elite may be preparing for a monetary reset, this is a deep dive into the state of our global financial system — and why owning precious metals might be your safest move.

As the conversation begins, the topic shifts quickly into Canadian tariffs on Chinese electric vehicles (EVs) and the reciprocal tariffs on Canadian agriculture. Andrew shares a broader view of how tariffs are used as a geopolitical tool.

"Tariffs are just another way of global warfare. And it's designed to create another tax on the people involved, you know, the Canadian citizens, the Chinese citizens to make it more expensive to live."

He emphasizes that tariffs are essentially disguised taxation mechanisms that directly impact the cost of living. In his view, this aligns with a globalist agenda:

"The globalist agenda is really to make it tougher on everybody and impoverish the middle class. Like the WEF, you'll own nothing and be happy by 2030."

Buy Gold And Silver As Fiat Currencies Weaken

Andrew strongly ties the economic trends to the weakening of fiat currencies and the resulting implications for gold and silver prices.

"People start looking at, okay, well, there's no place safe or any blue chips worth investing in anymore. Where else do I put my money? Sooner or later, they're going to start looking at gold and silver, which will, of course, then will force pricing up."

He recalls past statistics highlighting Canada's economic dependency on the automobile sector, which is now under pressure due to international tariffs."If we have a problem trying to ship south of the border to the US because of tariffs, that's going to have a massive impact on our economy, which is already in tatters."

Gold Outperforms Financial Markets

Discussing the recent trend of gold outperforming key sectors, Andrew drops a striking data point: "There are 12 sectors that have now entered into a bear market versus gold. That has only happened four times in the last hundred years." The shift signals not only a decline in sector strength but a broader confidence crisis in fiat-backed financial systems. He adds:

"This is probably the biggest news since the LBMA, aka defaulted in gold deliveries two months ago. Not that they want to admit that, but I mean, go from a two-day delivery to up to eight weeks."

Gold And Silver As Protection From Currency Collapse

The conversation shifts to currency values, where Andrew clarifies: "I think the rebound that we're seeing right now is not the Canadian dollar gaining strength. It's the US dollar has weakened further." Despite the momentary advantage Canadians might see in buying metals priced in USD, he cautions: "At the end of the day, the Canadian economy is in absolute tatters and will continue to fall and accelerate."

War, Inflation, And The End Of Fiat Systems

Andrew dives into the impact of central bank policies and looming geopolitical escalations. He paints a picture of monetary expansion through war, and its inflationary consequences: "They're spending hundreds of billions of dollars on that conflict as another way of expanding the monetary supply. They also want to lower interest rates... that's QE all over again." He also highlights a worrying trend: "When both the stock market and gold are going up, it tells you that the currency is toast."

Lessons From Venezuela

Citing historical precedent, Andrew references Venezuela's hyperinflation: "If you had a thousand dollars, a year later, you had over $10 million in their stock market. Did you make any money? No. Because the 10 million buys less a year later than the thousand did the year before." This allegory underscores the illusion of wealth in fiat-denominated markets.

Prepare Financially With Precious Metals

Asked about preparation, Andrew is blunt: "It doesn't really get very complicated. Our country's currency is being reflective of what's happening with gold. So gold is continuing to go up and up and up even more proportionately than it is in the US." He advises Canadians to move into real tangible assets: "You need to put it into real tangible assets. IE gold and silver are the best inflation immune products you can own. Nothing else is better than that." Land is also mentioned, but with a cautionary note on inflated prices. Metals, he insists, are the better play right now.

Central Bank Digital Currencies And Systemic Change

Andrew also warns of the upcoming CBDC rollout in Europe, with potential global implications: "If they bring out a CBDC for their deadline of October... they have to crash the existing system in order for the public to accept a new system." He explains: "This is a centralized digital programmable currency that's total control by a central government." The Canadian banking system could also be targeted, leading to mass shifts in money flow and financial behavior.

Flight To Precious Metals Will Accelerate

As the global system destabilizes, Andrew forecasts massive moves into gold and silver: "This is going to be... pretty serious. If people start to get very concerned about this, they're going to start flying into metal very quickly. And then that's it. There's only so much at a given point, and then it's sold out."

High Net-Worth Individuals Buying Silver

Quoting famed investor Jim Rogers, Andrew notes: "His quote was, 'My next purchase is physical silver.'" The trend is clear: those who understand the system are exiting fiat markets and turning to precious metals.

The Inevitable Collapse Of Fiat Currencies

Summing up, Andrew calls the entire fiat structure an illusion. "The government is printing money and pumping it into the stock market and the dollars are devaluing at a quicker and quicker pace." He warns that traditional investments will soon be worthless in real purchasing power terms. "You need to look at your financial position and whatever you can handle to do, you need to put it into real tangible assets."

Ready to protect your wealth? Start investing in gold and silver today before demand surges beyond supply.