Andrew Sleigh opened his eye-opening conversation with a stark prediction: “What we’re going to go through is another Great Depression, as in 1929 and 32.” According to him, history is about to repeat itself, and those who understand how to navigate the collapse will come out ahead. Sleigh pointed to the lessons from the Great Depression, where wealth was accumulated by those who remained liquid and prepared. “You could buy city blocks for a couple of ounces of gold, and all those things came back in value, making people very wealthy because they owned these assets that eventually returned to real value,” he explained. The implication is clear: those who sit on the sidelines with hard assets like gold and silver will be in a strong position to seize discounted opportunities.

The economic warning signs Sleigh sees aren’t subtle. He describes the current financial situation as a “dumpster fire that’s raging,” and points to household debt, soaring credit card balances, and rising foreclosures as evidence. He warned that 43% of Canadians could soon declare bankruptcy—a figure cited by one of Canada’s major banks. This isn’t just economic turbulence; it’s a structural crisis. Sleigh believes that this situation is deliberately hidden from the public. “You just want to pretend it’s all fine until you can’t pretend any longer and the ship is sunk,” he said, comparing the deception to the Titanic disaster. “They keep the band playing in the background… while the ship continues to sink.” In his view, truth-telling from political leaders is suppressed because acknowledging reality would spark financial panic.

Gold Spot Price And Currency Collapse: A Financial Time Bomb

Sleigh was unequivocal about the role of central banks and politicians in engineering this collapse. “Zero percent interest rates will destroy whatever is left of the value of the dollar,” he stated. He argued that this destruction is not accidental but orchestrated by what he termed the “bankster agenda.” According to him, governments are complicit in impoverishing the populace through relentless debt creation, inflation, and currency devaluation. “The governments are cow-tailing to the bankster ways… they are helping the banks with their destruction of the dollar,” he said. Sleigh emphasized that every fiat currency in history has eventually gone to zero, citing the Weimar Republic and its infamous hyperinflation as a roadmap for what’s to come.

In his assessment, this isn’t just a prediction—it’s a near certainty. “Countries continue to amass debt and deflate the dollar value to a point where… all the debt is zero. And that’s how they do the reset,” he explained. The gold spot price, in his view, isn’t merely an investment metric—it’s a reflection of collapsing confidence in fiat money. Sleigh referenced a commercial property in Manhattan that sold for $8.5 million after being appraised at $235 million just a few years earlier. “That’s a 97% haircut,” he emphasized. Such devaluations aren’t isolated—they’re symptomatic of a larger collapse in asset values tied to unsustainable debt.

Buy Silver As Protection Against Commercial Defaults And Bankruptcies

Silver, in Sleigh’s estimation, is not just an investment—it’s a lifeline. “Silver is for self-preservation,” he explained. While gold is essential for wealth preservation, silver’s role is more immediate: everyday economic survival. In a coming financial reset, he argued, people will rely on silver to buy goods and services directly, bypassing the collapsed banking and fiat systems. “If you buy nothing but ounces of gold, you can’t use it day to day,” he warned. The logic is simple: as the fiat system collapses, barter and real money will rise in relevance. Silver coins become not just a hedge, but a medium of exchange.

The reasoning is based on escalating financial distress. Commercial real estate defaults are rising, and Sleigh pointed to a mall worth half a billion dollars where the owner walked away. “Commercial mortgages alone in the States are a disaster,” he declared. In Canada, the outlook is no better. He predicts that if the projected wave of bankruptcies hits, up to 40% of Canadians, the domino effect will extend to mortgages, leases, and eventually banks. In his view, the only way to protect yourself is to exit the system now. “Get your assets out of the system as much as you can handle… the best is silver and gold,” he urged.

Silver Spot Price And Tariffs: More Than Just Trade Tensions

Sleigh wasn’t optimistic about global trade dynamics either. While he admitted he wasn’t a tariff expert, he considered tariffs to be “another form of warfare.” He criticized retaliatory tariffs as being harmful to consumers rather than producers or governments. “If we tax US goods coming in, the Canadian people are the ones who suffer,” he explained. These artificial barriers, he argues, only inflate the cost of living and mask the fundamental economic issues at hand. When combined with a weak domestic currency and runaway inflation, tariffs only deepen financial hardship. In essence, the silver spot price reflects not only monetary policy but also these escalating trade wars.

Furthermore, Sleigh suggested that tariff battles serve as a distraction from deeper systemic failures. “It’s just another way of taxing the people without actually trying to tax the people,” he said. He believes these distractions allow political leaders to avoid addressing the real issues—ballooning debt and monetary mismanagement. In such an environment, commodities like silver are not only hedges—they are lifeboats. For those looking to track silver spot prices, platforms like Sprott Money provide transparent, real-time data and access to physical silver products.

Invest In Gold And Silver Before CBDCs Change Everything

A central topic of concern for Sleigh is the rapid move toward Central Bank Digital Currencies (CBDCs). He views this transition as imminent and tied directly to a collapse of the current banking infrastructure. “The European Union… publicly announced they’re going to a CBDC for October of this year,” he revealed, suggesting North America could follow soon after. The implementation of CBDCs will not be a gentle process—it will require a “reset” of the existing financial system. Sleigh warns that governments will shut down the existing monetary system and leave citizens broke before rolling out digital currencies.

To protect oneself, Sleigh advises transitioning out of traditional banking systems and into physical assets. “[Gold and silver] have been the number one asset to hold during these end cycles of currency collapses,” he said. He recommended storing metals securely but outside the traditional banking system to avoid counterparty risk. Platforms like SprottMoney offer storage solutions that align with his strategy. Sleigh emphasized that those who fail to act will be caught unprepared: “If you hold dollars, you will hold nothing shortly.”

Investing In Mining Stocks Versus Precious Metals

Interestingly, despite his experience in financial planning, Sleigh has stepped away from traditional investments, including mining stocks. His skepticism about the stock market became apparent in 2016 when he noticed that, despite deteriorating fundamentals, markets continued to rise. “I started not to believe what I was seeing,” he admitted. The disconnect between financial reality and market performance led him to re-educate himself, ultimately abandoning traditional investments in favor of physical metals.

He criticizes the financial industry for discouraging the use of precious metals and keeping advisors in the dark. “I had no knowledge of gold and silver, and the industry keeps it that way,” he confessed. Once he began uncovering independent sources, he realized that mainstream advice was riddled with denial. “Denial is not proof of anything,” he said, reflecting on the shift in his understanding. Now, as a part of Sprott Money, he helps others make the same transition from paper assets to physical wealth.

Final Advice: Convert Currency To Precious Metals Now

In the closing moments of the conversation, Sleigh distilled his advice down to a single principle: control your wealth by eliminating counterparty risk. “Whatever you don’t want to lose of your million dollars, you need to put in hard assets,” he stated. Gold is for preserving large amounts of wealth, and silver is for day-to-day survival. For those still invested in fiat-backed assets, his advice is clear: test your financial advisor. “Ask them: How do you defend my portfolio against a currency collapse? And see what they say.”