Financial crisis

The top reasons why you should buy physical gold and silver in 2019.

Mario Draghi, head of the European Central Bank, must be thinking that one can’t get anything for 2.6 trillion euro, nowadays! This astounding amount is the ECB’s QE or, in other words, all the bonds it has bought since March 2015 – with a printing press.

We are now at the end of an era which has created unreal wealth for a few and massive debt for most of the world. As all the bubble markets in stocks, bonds, property and other financial assets implode, together with the debt that has fuelled it all, 100s of trillions of dollars will just vanish and never return.

We are now in the very final stages of the most remarkable era of alchemy in the history of finance. This cycle started in 1913 with the creation of the Fed and had its death knell in 1971 when Nixon took away the gold backing of the dollar. It has been a long and slow 50 year death of the world economy and the patient has only been kept alive due to the creation of fake money, fake assets, fake (paper) gold, fake wealth, fake valuations, fake balance sheets, fake bankers, fake politicians all built on a colossal mountain of fake debt.

We have had a hundred years of excesses in the world and artificial wealth creation. Now, in the coming years, we will have a very long period of the opposite. Wealth will disappear. Gold will break free from LBMA Casino, leading to much higher gold price.

The German government, usually against any form of interventionism, is pushing toward a merger between Deutsche Bank and the country’s second largest bank, Commerzbank.

In this interview, Max Keiser and Egon von Greyerz discuss gold and several hot topics that will have major influence on the world economy in coming years.

Both Western and Eastern central banks are now fully supporting gold. Precious metals investors can with total confidence buy and hold physical gold, silver and platinum in the firm knowledge that central banks both in the West and the East will by their actions guarantee that the price can only go up.

The revolt of the “Gilets jaunes” (Yellow Vests) is not only about the recent taxes on fuel – it has been brewing for quite some time. It has been caused by a steady decline in purchasing power, which has progressively strangled low-income workers.

The risk of holding cash or gold in a bank is increasing continuously. Later on I discuss the difficulties bank clients encounter in taking money or gold out of their bank.