RT @PeterSchiff: Fed Chairman Powell admitted that a day of reckoning is coming for the U.S. due to the national debt, but believes that da…
Fortunes to be lost and fortunes to be made. The Tulip mania of 1637, John Law's "Mississippi Scheme" of 1720, and the dot-com / tech bubble of 1999 will pale by comparison. Even the hyperinflation in Weimar Germany in 1923 and the Great Depression will seem like a walk in the park compared to what is coming.
High time to get educated. Read books and newsletters on the subject and decide for yourself. Stop believing the nonsense told by talking heads, politicians and Bankers.
Buy physical gold and silver and take possession of it (or have it stored at a third party depository).
Avoid "Fools gold" such as: ETF's, pool accounts, futures contracts, leveraged accounts etc.
Don't buy investment instrument you don't fully understand. Certainly not if they are sold by renowned banks.
Don't buy investment instruments where you can't loose! Such instruments are based on derivatives, CREDIT DEFAULT SWAPS and are extremely hazardous to your wealth. NO INVESTMENT is RISK FREE!
In a few years a chart of the price of gold will look similar to the following charts, and a chart of the U.S. dollar will look like one of these charts flipped upside-down.
We have tried to find similar data and charts from the ECB...impossible as they act in a traditional secretive way. We assume that charts and figures will be similar.
Every time governments, and/or the banking system, abuse a currency enough to push it to a tipping point (such as in these charts), the free market and the will of the public revalue gold and silver to account for the excess currency that was created since the last time they were revalued. But this time, for history to repeat, and for gold to do what it did in 1980, 1934, and hundreds of times throughout the world going all the way back to Athens in 407 BC, it will require a gold price of over $10,000 per ounce... And that's if they turn off the printing presses today!