Financial markets

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.

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.

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

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.

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?

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.

Bonds cost money to hold, currencies are soon worth nothing and gold will reach at least $7,000 before it reaches $700.

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.

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...