Financial crisis

Silver had risen to $ 50 in 1980 and I am expecting an identical increase towards $ 500 in the next years, in particular because of the RESET related to the Monetary Reform.

Hedge fund kingpin Ray Dalio is seeing a case for gold as central banks get more aggressive with policies that devalue currencies and are about to cause a “paradigm shift” in investing.

We know with absolute certainty that governments will continue to oblige by destroying the economy, spending money they haven’t got, increasing deficits and debts and totally debasing currencies until they are worthless. For those reasons we are holding gold and sleeping well at night.

Federal Reserve Chairman Jerome Powell told Congress on Wednesday that he doesn’t think a return to the gold standard in the U.S. would be a good idea.

Very important changes will soon take place in markets with the 2007-9 crisis returning with a vengeance. The final phase up in US stocks could last a few weeks and most likely not more than 2 months. Thereafter a secular bear market will start that will be devastating for the world economy, the financial system and paper money. Wealth preservation is today more important than anytime in history.

The People’s Bank of China said Monday it raised reserves for a seventh month in June, adding 10.3 tons, following the inflow of almost 74 tons in the six months through May.

The catalyst for the coming cataclysm in the world economy can come from anywhere, like Deutsche Bank, US junk bonds or Japan. Whatever the catalyst is, it will lead to panic in markets with confidence evaporating and fear setting in. Now is the time to prepare for this. It will soon be too late. Physical gold should be part of everyone’s wealth preservation strategy.

We asked the question last May: will the GAFAs precipitate the collapse of the banks? Now, with the cryptocurrency that Facebook will launch next year, we must move to a new level: in addition to competing with the traditional banking sector, Libra risks accelerating the loss of credibility of central banks.

Having tested $1300 numerous times over the past few years, gold has broken dramatically higher in the last month, hitting 6-year highs as President Trump rhetoric around the world raises tensions and increases the odds of WWIII.

Having found a solid base, silver will be able to develop the third leg of its bullish rally.