6,250-Year-Old Bull Market Still Going Strong

The comments below are an edited and abridged synopsis of an article by Egon von Greyerz

Is a total collapse of the financial system next, or will we see the globalists taking control of the world? Either way, the world is now at one of the most critical crossroads ever in history.

6,250-Year-Old Bull Market Still Going Strong | BullionBuzz

Von Greyerz discusses the world’s not-so-bright future; the disorderly reset ahead; the need for a global fire; and whether deus ex machina is the only solution.

He ends the article with uplifting news for those who understand the importance of wealth preservation or insurance against the current risks in the world economy and financial system. In a previous article, Von Greyerz talked about the Gold Maginot Line. Gold in US dollars has not yet broken the important $1,350 line but is now on its way, finishing at $1,320 last Friday.

Important moves often start in the periphery. Gold in Swiss francs, for example, broke out of the same line last week and is now on its way to new highs. Gold is breaking to new highs in a number of currencies: the Swedish and Norwegian krona; the Canadian and Australian dollars, and more.

In Venezuela gold was 200 bolivars in 2000, and now it is 327 million. In Argentina, gold was 270 pesos in 2000, and now it is 50,000. We are likely to see these hyperinflationary levels in the West in coming years.

The time when gold can be bought at current levels is quickly coming to an end. And we might get to the point when gold, due to shortages, cannot be bought at any level.

Finally, remember that gold is the only currency in history that has survived. A 5,000-year-old tradition will not change, whatever governments or globalists try to achieve.

History’s biggest bear market in fiat money and a bull market in gold is about to start. Ignore it at your peril.

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