Central banks

I was very pleased to welcome Jim Rickards to Zurich very recently. In this important 16 minutes video, recorded in a Swiss vault, Jim and I cover many vital factors that investors must be aware of to protect themselves against the major risks in the financial system. Among the topics covered a...

It is no surprise that both commercial and central banks hate gold. Because gold reveals the total mismanagement of the economy and the deceitful actions that the bankers take.

The important silver threshold line was broken briefly last week and continues to bump up against it in early trading today. If the silver price closes above this threshold line by a significant margin, it could mean big trouble for the bullion banks who hold record silver short contracts.

There is now a very high likelihood that a major secular decline in the world economy will now start to unravel. The next few weeks and months are likely to be a lot worse than the 2007-9 crisis.

Gold at $1,300 and silver at $18 is a bargain. But the metals will not stay at these low levels for very long.

According to an EU official, the liquidity support program includes up to €150 billion ($166 billion) in government guarantees.

Little more than a year after publicly stating that he did not condone a return to the gold standard, Greenspan does now. “If we went back on the gold standard … as it existed prior to 1913, we’d be fine."

With this political and economic uncertainty holding sway for the undefinable future, investors will undoubtedly be seeking safe havens for their wealth.

Gold through thousands of years of testing has become the standard. It is the standard against which every currency is tested and compared; even crypto-currencies can’t stop being compared to gold.

Market observers are totally ignoring the real figures and the long term trends and are instead focusing on what the Fed will do.