Global Debt Surges to Highest Level in Peacetime
The level of government debt around the world has ballooned since the financial crisis, reaching levels never seen before during peacetime.
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The level of government debt around the world has ballooned since the financial crisis, reaching levels never seen before during peacetime.
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In this interview, Egon von Greyerz discusses with Jochen Staiger of Commodity TV the massive energy accumulated in gold & silver over the last six years. Once this force unravels, it will lead to the next explosive move higher.
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Two current and one former JPMorgan Chase & Co executives were charged over allegedly participating in market manipulation in the trade of precious metals including gold, silver, platinum and palladium between 2008 and 2016, the Department of Justice said on Monday.
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Mario Draghi decided before handing off to Christine Lagarde on November 1: the QE will be relaunched! Quantitative easing, the sovereign debt buyback of eurozone countries, will restart at €20 billion per month, "for as long as necessary", he announced on September 12th at a press conference.
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666 talents of gold is 22 tonnes which today is worth over $1 billion. This was the amount of gold that King Solomon received in payments and gifts. Thus 666 is a very important figure in the bible for precious metals investors rather than the inference that some think about.
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The ECB said it would cut its key interest rate by 0.1 percentage point, to minus 0.5%, and buy €20 billion ($22 billion) a month of eurozone debt starting in November, relaunching a so-called quantitative easing program that it only phased out in December.
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Silver is probably one of the most undervalued investments that you can buy today. It represents less than 0.1% of global financial assets. This investment has a potential upside of 36x or 3,500%.
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China has added almost 100 tons of gold to its reserves since it resumed buying in December, with the consistent run of accumulation coming amid a rally in prices and the drag of the trade war with Washington.
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Precious metals are set to rise much higher, but after the sharp rise in recent months, a correction is needed and probably imminent.
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In this interview, Brian & Darryl Panes from As Good As Gold Australia speak with Egon von Greyerz who confirms the world is running on empty. Governments and Central Banks are panicking, having used up all their arsenal – massive money printing and hyperinflation lies ahead.
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Expressed in euros, the price of an ounce of gold surpassed its historic record from October 4, 2012 (€ 1380). We are in Europe: prices, our salaries and our savings are denominated in euros, so it is the price of gold in euros that must be taken into account. So how do you explain this gold fever?
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The world is now standing before a seminal moment and virtually nobody can see it. There has not been a more critical moment in the last 50 years than what we are now facing.
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In this interview Max Keiser and Egon von Greyerz discuss the enormous pressures in the financial system and the coming stampede into gold.
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This year is highly likely to be a year of changes for the investment gold market in Russia: the Ministry of Finance will assess the feasibility of VAT exemption on investment gold, the State Duma will consider a bill to allow citizens to purchase precious metals in individual investment accounts...
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Bonds cost money to hold, currencies are soon worth nothing and gold will reach at least $7,000 before it reaches $700.
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In my recent articles I have stressed the urgency of getting out of bubble assets like stocks and bonds and to own physical metals. I see the next phase in markets starting very soon, whether that is in a few days or a few weeks. Next phase means stock market crash and precious metals surge.
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Russia’s gold reserves rose by 9 tons in July, increasing the value of the bullion holdings by 1.64% to a hefty $101.923 billion (€92 billion), as of August 1.
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Christine Lagarde was appointed President of the European Central Bank (ECB) on July 2, replacing Mario Draghi. But what can we really expect from the former IMF President, who never headed a central bank, unlike her predecessors?
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With the economy as mismanaged as it is today, the government does all the work for us by unlimited money printing and credit expansion. And that work will now accelerate. So all we need to do is to ride the government wave of destruction. Gold will continue to reveal how badly governments are do...
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This third leg up should bring a virtually continuous rise to about $ 19.5 in October. After a quick consolidation to $ 17, silver will resume its rise to its first goal, which is $ 21.
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