Trade Wars, Petroyuan, Debts—$32,000 Gold And $500 Silver
The comments above & below is an edited and abridged synopsis of an article by Egon von Greyerz
The world is rotten to the core; it is built on debt that will never be repaid, and that is artificially supporting hundreds of trillions of dollars’ worth of assets (quadrillions, including derivatives). The US economy is now so indebted that it needs to fight the whole world in all kinds of different wars for its survival, with the latest being a trade war.
Von Greyerz discusses US war drums; how the US blames everyone else; Trump’s trade war and Nixon’s dollar war; a possible rise in gold and silver prices to $32,000 and $500, respectively; Deutsche Bank is in trouble again; the biggest wealth destruction in history; few are prepared for the coming shocks; and being prepared for pivotal change.
We are now on the verge of a change in the world economy that will make life difficult for most people. For those who have assets to protect, now is the time to get out of all bubble assets. It is also the time to own physical gold and silver for insurance and wealth protection purposes. Precious metals will go to incredible levels as hyperinflation sets in.
Consider saving one gram of gold per month (or more), which today costs $43. Over time, regular saving can create an important nest egg.