World Now On The Edge Of Total Panic As Gold Spikes $60 And Global Stock Markets Plunge

With gold spiking more than $60, the dollar falling and bonds surging, today one of the top money managers in the world warned King World News that the world is now in the early stages of total panic as global stock markets plunge.

King World News warned its global readers yesterday that global panic was coming because of the derivative nightmare in Hong Kong. Well, it’s here…

We Are Now In The Early Stages Of Total Global Panic As Gold Spikes $60 And Global Stock Markets PlungeTotal Global Panic

Stephen Leeb: “Right now we are seeing the early stages of total global panic and we are seeing that reflected in the $60 spike in the price of gold today…

Stephen Leeb continues: “The world is scared to death of deflation right now and it has to do with the collapse in the oil price. But that oil collapse is going to reverse in a big way. It could start today or next week but that reversal is coming.

There Will Be Very Few Survivors
We will see deflation turn into inflation because of the destruction of fiat currencies. This will catch the world totally by surprise because it will mean commodity inflation on a scale that seems unimaginable today. This is a perilous time, Eric, and there aren’t going to be a lot of survivors as far as investors go, but the safest asset going forward is gold.

The Metal Of Kings Is Now Ascending
Gold is in the very early stages of returning to its role as the supreme currency in the world and this next leg of the bull market will see the price of gold push through $10,000.”

And there goes the Gold/Oil ratio…

Gold/Oil Ratio Hits Shocking New All-Time High Of 47:1!

KWN
Stephen Leeb
February 10, 2016