“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to heaven, we were all going direct the other way – in short, the period was so far like the present period, that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only.” Charles Dickens – Tale of Two Cities
Soon the light switch will flip and there will be no more opportunities to secure your future. We are entering our winter of despair and perhaps a spring of hope, a period of immense wealth and a period of immense poverty very much like French Revolution. This period will contrast one another, a death and a birth. All will happen because:
. Central banks are printing money with utter abandon. The US Fed has no plans to stop the expansion of the US Dollar and all nations are getting in on the act. This debasement, although it does not lift Gold prices, undermines all major currencies value relative to Gold and Silver. The effect this has is to give legitimacy to Gold and precious metals as a way to retain value of one’s savings.
. Paper wealth is constantly being eroded in value. A global monetary war led by the U.S. is being waged to preserve the lie of value in fiat paper currencies. The result of this destruction has resulted in eroding one’s home equity, businesses and commercial property, bonds, stocks, retirements and collectible art. Stocks and bonds will turn worthless, if they aren’t already, because they are supported by artificial corrupt means. The proof is the absence of legitimsize=3size=3size=3size=3size=3size=3ate buyers, only gambling day traders. As your paper wealth evaporates tangible assets like farmland, oil, commodities and precious metals rise in response to demand.
. Interest rates are being controlled and manipulated to an all time low which fuels a Gold bull market. Interest rate paid to savers is close to zero therefore there is no incentive to save. C.D.’s and Bonds with decades of commitment are earning 2% while the Consumer Price Index is a conservative 7% and more likely 10%. This leaves a negative real rate until the U.S. defaults on its government debt. Gold demand is strengthening worldwide as interest rates remain negative except here in the west where the uninformed U.S. populace ignores the stampede.
. Major central banks are openly competing in Currency Wars with most major nations. These banks justify their actions as a way to preserve their export trades. Each countries bank is intent on hurting each others trade in an attempt to hedge their mountains of reserves. Global trade will decline and the worlds trust of fiat currencies themselves. When all currencies are destroyed the integrity of Gold begins to grow.
. China and Russia no longer sell their gold on the global market. Both countries are leaders in gold production but are hoarding all they produce. South Africa has led gold production for decades however recently their production has been destroyed by political leaders through taxation and regulations.The gold shortage will continue to grow and prices for the metal will rise.
. Large banks are being forced to gradually give up their gold bullion amidst leverage demands. Many Eastern entities have conducted off-market activity with their depositor banks and taken home their gold. This will eventually result in a gold default with these banks and the potential for more “bail in” activity required from depositors. The price of Gold will certainly soar at this point.
. The major banks in the United States, England, and Western Europe are becoming insolvent or are already insolvent. A corrupt Congressional bill, approved in 2009 and endorsed by the Financial Accounting Board, allows any U.S. bank to dictate the value of their assets on balance sheets using original date valuations before the market imploded even if their no longer is a market for that asset. European banks are already busted from bad property loans and bad sovereign debt and the current poor property market. Made up LIBOR rates being a lie have added to their poor image. The PIIGS nations of Portugal, Ireland, Italy, Greece and Spain have already defaulted on LTRO bonds they were graciously acquired with no credit worthiness from the Euro Central Bank. Sovereign debt is an external debt and a huge risk when the borrowing country has a weak economy. Here in the U.S. we have a MUCH LARGER external debt than the PIIGS, however our debt is regarded as a lower risk because our country shows signs of a strong and vibrant economy as reported by our government rigged reports. Major banks simply are no longer the strong physical foundation of the Western monetary system and therefore the flight to Gold continues at a brisk pace. The big banks are starting to buy Gold by the truck load and gold will be the only real money of value.
. Absence of reliable inventory in the COMEX. The new game requires the constant shuffling of gold between vaults. Gold and Silver vaults are being raided by those who own them be it nations or elite powers. They act like Wall Street and London bullion central banks for the privileged corrupted big banks to draw upon, and show the price discount to the spot Gold price, a signal of widespread corrupt shorting practices. Then the COMEX will someday shut down, from lack of inventory and lack of clients. The true Gold price will be revealed when the giant crime scene is shut down.
If you have read to this point let me say that it no longer matters what price you pay but whether you are able to transfer your paper currency to real gold or silver. There will be no dimming of the light only a flick of the switch that determines who has precious metals and who does not. It will not matter that you were early only that you were too late! The Eastern populace has already accepted this and is willing to pay any price for their fiat currency transfer to metals. Protect your family before it’s too late!