Own Gold before Pandora Reopens The Box

The comments above & below is an edited and abridged synopsis of an article by Egon Von Greyerz

As the modern Pandora’s Box is opened, there will be many shocks and problems for the world.

Own Gold before Pandora Reopens The Box | BullionBuzzThere have been many periods in history when a sound economy based on sound principles has been transformed into massive debts, money printing, and war. Some of these cycles have been of a smaller magnitude, but never before has virtually every country and every region been insolvent or bankrupt simultaneously.

Up for discussion: China, where the debt to GDP ratio is 833%; the UK, where the debt to GDP ratio is 1,008%; Japan’s economy, which is about to sink into the Pacific; the EU, which is a disaster waiting to happen; the emerging market junk yield, which is now above the US equivalent; inflation and high interest rates are around the corner; how there is nothing sound in the financial system; and how Pandora’s Box contains more than the world can cope with.

Gold owners hold the best insurance that money can buy against the problems in Pandora’s Box. Gold and silver will soon reach levels that few people can imagine today. But this is a double-edged sword, because when precious metals reach those levels, the world will be far less pleasant than it is today. Enjoy the present, knowing that with gold and silver we are financially protected against what lies ahead.

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This Post Has 2 Comments

  1. ROBERT BEAULNE

    Thanks Brandon,

    I’m listening your podcast regurlarly. it’s so interesting .I’m planning to give you more business in the metal.

    regards !

    1. Brandon

      Hi Robert,

      Thank you for the kind words. It makes me smile to know my weekly videos are being well received. Your clients will be your best advocate for referrals when the next downtrend becomes crystal clear. Keep that shiny yellow value prop front and center! You will be rewarded.

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