Financial crisis

Rickards expects gold to go to $10,000 an ounce as some central banks may have to resort to the gold standard to restore confidence in the markets.

11 tonnes of gold for a painting will probably not be beaten for the next 100 years or more. In the next 4-8 years, that painting can probably be bought for much less than 1 tonne of gold, more probably for 110 kilos or less (110 kg gold is today worth $4.5 million).

Russia's federal budget is prepared for the possible toughening of US sanctions. However, "If our gold and currency reserves can be arrested, even if such a thought exists, it would be financial terrorism," said Russian Finance Minister Anton Siluanov.

The physical fundamentals are stronger than ever for gold. Russia and China continue to be huge buyers. China bans export of its 450 tons per year of physical production.

The consequences of the implosion of debt and assets will lead to the biggest transfer of wealth in history. As debt implodes, so will all the bubble assets. Stocks, bonds and property will decline between 80% and 100%.

Despite what the crypto-evangelists will tell you, digital tokens will never and can never replace gold as your financial hedge. Here are six reasons why.

The ECB wants to prevent bank runs by allowing banks to block deposits and authorise limited withdrawals, like they did in Cyprus in March, 2013. According to the institution, the deposit protection scheme is no longer necessary.

Normally when rates go up, the dollar strengthens and gold weakens. They usually move in opposite directions. So how could gold have gone up when the Fed was tightening and the dollar was strong?

At this stage of the financial cycle with sharemarkets looking topped out, bonds & many fiat assets most overvalued it is good to have a foot in both Gold & Bitcoin to secure ones wealth through the coming financial meltdown.

With Bitcoin, more and more people are questioning what real money is and, slowly, the whole world will jump in, and gold will benefit from it. And that is good news.