Dedollarization

The acceleration phase of stocks plunging and gold surging is imminent. We could see a stock market crash in October. At the latest it will happen in early 2020. At the same time gold in all currencies will move up very fast to significantly higher levels.

China has added more than 100 tons of gold to its reserves since it resumed buying in December, reinforcing its standing as one of the major official accumulators as central banks stock up on the precious metal.

In the next few years, Central Banks will lose total control of the financial system. But they have really never had control. They believe themselves that their actions are beneficial to the world economy when the real truth is that they are the root cause of all financial bubbles and collapses.

China’s net monthly gold imports via Hong Kong in August surged nearly 61%, after falling to their lowest in more than eight years in July, the Hong Kong Census and Statistics Department data showed on Thursday.

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.

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%.

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.

Precious metals are set to rise much higher, but after the sharp rise in recent months, a correction is needed and probably imminent.

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.

In this interview Max Keiser and Egon von Greyerz discuss the enormous pressures in the financial system and the coming stampede into gold.