“At some point, when these governments are forced to show the truth, gold will be reset much higher….” Here’s why…
Sounds starts a minute in. Sorry for the audio!
In 2007 the financial crisis began to unfold as the US dollar crashed through the last long-term support level and rapidly plunged to lows never before seen and the USD carry trade was born.
As yields were pushed to new lows, money printing exploded to new highs. Risky governments and corporations saw huge demand with interest rates ridiculously low, that borrowing spree lifted the global debt record to over $217 trillion.
But now the party is over. One look at the derivative spot gold markets in terms of emerging market currencies says it all. They are up. At some point, when these governments are forced to show the truth, gold will be reset much higher.
If you own it when this happens, you will not have to clean up the mess.