Precious metals have given back a large portion of their 2016 gains. Nevertheless, 2017 has started with a bang. Perhaps we have finally put in the low many of us have been anticipating.
David Morgan, publisher of The Morgan Report— a research newsletter focused on the silver and gold markets—certainly thinks so…
The world is now standing on the edge of the precipice, the next phase could happen very quickly. Because we are now looking at a situation when every major nation in the world has an insoluble debt crisis. This does not just include all Western countries but also China, Japan and most emerging market nations.
Gold $10,000 and Silver $500 guaranteed
….When this situation unfolds in the next few years, gold is guaranteed to go well above $10,000 in today’s money and silver over $500…”
Is A Wholesale US Treasury Bond DUMP Coming?
Prepare Yourself Accordingly:
Internet research expert Clif High says his most recent research, which he calls “predictive linguistics,” points to a dollar crash and a bond market crash this year.
“We have seen for years it would be coming out of Europe before it hits the U.S. It’s all going to spring from the Italian banks…”
Price controls were last tried in the 1970s, and everyone swore, never again…
A decision to own gold and silver is a conscious choice to trade paper currency (i.e. a liability of a central bank) for something that’s real:
The numbers are pretty startling.
“We are facing a terrible crisis… In terms of the Fed (getting control) and the long term solvency issues, these are death knells for the dollar. Unless those are addressed, you are going to see massive selling of the dollar, a debasement of the dollar and high inflation that will lead you into hyperinflation…”
Please read this carefully because if you do not understand it, you will not understand “why” mathematically we are about to go through Financial and Economic Disaster:
According to Federal Reserve data, the average lifespan of a $100 bill has fallen by more than 30% over the last several years:
“How on earth are we going to resolve $120 trillion on balance sheet and off balance sheet liabilities before we consider state and local debt and underfunded pensions? My suspicion is we get out of this in one of two kinds of defaults.
I think we will have a series of unofficial defaults where we devalue the net present value of the obligations, which is a different way of saying we devalue the currency, gradually like we did in the 1970’s. I think that will have the same impact on gold and silver prices…”
This is an important lesson in hyperinflation:
It’s beginning to look like the Indian Government’s latest attempt to suppress the amount of physical gold demanded by the Indian population is going to backfire – badly.
As this effort fails, the rebound in the price of gold and silver will likely create its own “shock and awe”:
Last weekend, the Washington Post reported a new, McCarthy-type black list of “fake” political news sites. The mainstream reporting of the the current economic news is now so pathetic and biased that there will no doubt soon be a similar list of “fake” economic news sites.
A fistful of bolivars buys… well, next to nothing. A sad state of affairs in Venezuela.
But is America next?
“The Federal Reserve’s balance sheet has exploded.
Anyone who has surplus funds should be holding gold and silver because the dollar should be reduced already to the level of toilet paper…”
Peter Schiff Warns QE4 Is Coming…
We’re heading for hyperinflation.
The END GAME is Everybody has ZERO Purchasing Power Currency…
How close to full-on economic collapse are we, and will a Trump presidency rescue us or hurtle us over the cliff?
The world is sitting at the edge of a massive deflationary cliff.