With continued volatility in key global markets, the gold price is set to skyrocket to $2,300 in 22 months! There is also a remarkable chart included in this fantastic piece.
“The greatest shortcoming of the human race is our inability to understand
the exponential function.” — Albert Bartlett
Gold Is Back!
The instability of growth induced by credit expansion, which we routinely... read more
Prior to 1933, the name "dollar" was used to refer to a unit of gold that had a weight of 23.22 grains. Since there are 480 grains in one ounce, this means that the name dollar also stood for 0.048 ounce of gold. This in turn, means that one ounce of gold referred to $20.67.
Now, $20.67 is not the price of one ounce of gold in terms of dollars as popular thinking has it, for there is no such... read more
Silver Price Forecast 2017/2016
The worst part of the world’s ongoing financial crisis is still on the way: A crisis that has its roots in the debt-based monetary system. The debt-based monetary system has facilitated the growth of debt, to levels that will inevitably bring total collapse.
Everyday we see more and more events (think Greece, Deutsche Bank, etc.) that suggest that the t... read more
With the price of oil hitting a new multi-month low as the Fed kicks off its two-day monetary policy meeting, the world is about to experience something not seen since the Black Death.
A portion of today’s note from Art Cashin: This week the Buttonwood column of the Economist examines how broad these population declines are becoming and ponders on potential economic fallout. Here’s how... read more
With continued uncertainty in global markets, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, warned King World News about a problem that is even more frightening than derivatives being 15 times world GDP.
“Real gold versus Pokémon GO? That’s a simple choice for most people because shortly after launch there ar... read more
Today top trends forecaster Gerald Celente told King World News this will be the last great opportunity to buy gold and silver.
(King World News) Gerald Celente: “We are now seeing destabilization, and that’s where gold and silver come in because those are the safe haven assets. A number of months ago on King World News I forecast that the next sharp downturn in gold was going to be... read more
You have to be careful writing about gold.
You come out in favor of gold and you get maligned as some kind of doomsday-prepping, knuckle-dragging wingnut. Then you never get to go on TV. They don’t invite the crazy gold guys on TV.
I’ve been long gold since 2005. Rode it all the way down from 2011 to 2016. If you ride something down 45%, you are a moron. I’ll own it. I am a moron. I... read more
Bruce Lamar [name changed] was stunned when he read the one-sentence reply from his fund.
His daughter was starting college, and he needed to withdraw currency from a real estate fund he’d invested in several years ago. He had plenty of cash in the account, so he went ahead and made the request online. But the response Bruce received stunned him.
In big bold letters, he was told t... read more
The Bank for International Settlements (BIS) is in the unique position of serving global economic stability in general… and central banks in particular.
It functions as a master hub for all the world’s central banks. It settles transactions among central banks and other international organizations. It doesn’t serve private individuals, businesses, or national governments
It can, the... read more
