There Is A Financial Nuclear Event on The Horizon
The comments below are an edited and abridged synopsis of an article by Egon von Greyerz
We can encapsulate the world’s destiny in a few words: war, debt bubble, energy. Gold could be the one thing that saves those who understand its significance. It will play a major role in the world’s monetary system as we move from a fragile debt-based Western system to a commodity- and energy-based system in the East and South.
Up for discussion: War—WWIII; the debt bubble; the financial nuclear event; oil—energy; energy; and gold.
Digital currencies are the perfect means for controlling people in a totalitarian world. It gives Big Brother total power in relation to people’s money. They can be taxed, fined or directed by whim of government. This includes arbitrary taxation or confiscation.
Thus CBDCs (central bank digital currencies) are a disaster in relation to personal freedom. But in many countries, people have already been trained for this. Take Sweden, where cash hardly exists anymore.
The people will not have a vote on CBDCs in any country, just as they have no say when their leaders start a war.
With the coming fall of the US dollar and the end of the petrodollar, gold is likely to play a major role in the monetary system dominated by the East and South.
With government spending out of control in most countries, gold is the only currency that can be trusted, just as it has been for thousands of years.
The BRICS, with China, Russia and India as major gold countries, are likely to make gold an important part of the future monetary system.
Gold is not for investment or speculation. Gold is insurance and wealth preservation. Gold is saving and financial survival.
Fundamentally and technically, gold looks like it will make major up moves this year. Any correction must be used to accumulate. Much better to buy low than on breakouts.
