Financial crisis

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.

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.

Since its peak at $51.33 in April 2011, silver has languished in the doldrums, dropping to $13.76 just before last Christmas. Friday’s close of $19.77 going into the 2016 Fourth of July long weekend is its highest level since September 2014

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.

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

As is perhaps to be expected, Deutsche Bank are keen to underplay their ongoing problems, dismissing speculation that they are “another Lehman Brothers”. But is it right to deny such claims, and are the experts right on this matter?

Most people believe that the era we live in is totally normal. This is the case whether you live in a war-zone or in “Shangri-La”. It is the same with the economy. Everybody in the West today believes that stocks always go up and that property grows to the sky and that government bonds are the sa...