Chris Martenson
Executive Summary
- Where the gold price is most likely to go from here
- History rhymes: Why today resembles 2008
- How to best deploy your capital once the central banks announce the next round of money printing
- Why prudent actions you can take now are so much more valuable than the options you'll have once the correction is underway
Part I: Get Ready: We’re About To Have Another 2008-Style Crisis
If you have not yet read Part I, available free to all readers, please click here to read it first.
Part II: What To Do When the Central Banks Blink
Where Gold Goes From Here
While I personally would not part with my gold these days, and certainly not at these prices, I do expect the price of gold to drop going forward.
The reason is that gold has multiple elements contributing to its price, and some of that is attributable to the speculation and rampant liquidity that is sloshing through the system. Various hedge funds and other speculative funds are holding quite a bit of gold, mainly the paper variety, and when they dump that because the tables have turned and/or their liquidity sources have dried up, they will sell that paper gold and the apparent price will go down.
Further, weak hands holding gold via the GLD ETF will be shaken out during a liquidity crisis, putting physical gold back onto the market.
However, it is my strongest contention that this will represent a very nice buying opportunity. Someday, nobody knows when, the central banks will announce another big round of thin-air money printing and that will be a turning point in the price of gold (and many other things, including stocks and commodities).
What To Do When the Central Banks Blink
PREVIEWExecutive Summary
- Where the gold price is most likely to go from here
- History rhymes: Why today resembles 2008
- How to best deploy your capital once the central banks announce the next round of money printing
- Why prudent actions you can take now are so much more valuable than the options you'll have once the correction is underway
Part I: Get Ready: We’re About To Have Another 2008-Style Crisis
If you have not yet read Part I, available free to all readers, please click here to read it first.
Part II: What To Do When the Central Banks Blink
Where Gold Goes From Here
While I personally would not part with my gold these days, and certainly not at these prices, I do expect the price of gold to drop going forward.
The reason is that gold has multiple elements contributing to its price, and some of that is attributable to the speculation and rampant liquidity that is sloshing through the system. Various hedge funds and other speculative funds are holding quite a bit of gold, mainly the paper variety, and when they dump that because the tables have turned and/or their liquidity sources have dried up, they will sell that paper gold and the apparent price will go down.
Further, weak hands holding gold via the GLD ETF will be shaken out during a liquidity crisis, putting physical gold back onto the market.
However, it is my strongest contention that this will represent a very nice buying opportunity. Someday, nobody knows when, the central banks will announce another big round of thin-air money printing and that will be a turning point in the price of gold (and many other things, including stocks and commodities).
In Part II of Chris’ detailed interview with Alasdair Macleod on the inevitable outcome to the European credit crisis (click here for Part I), the discussion deepens, exploring a number of important topics including:
- What the key risks are at this stage
- What the most likely scenarios are
- Gold ownership and captial controls
- What options concerned individuals should consider
Alasdair Macleod (Part II): How a Collapsing Europe will Cause Asset Revaluations Worldwide
PREVIEWIn Part II of Chris’ detailed interview with Alasdair Macleod on the inevitable outcome to the European credit crisis (click here for Part I), the discussion deepens, exploring a number of important topics including:
- What the key risks are at this stage
- What the most likely scenarios are
- Gold ownership and captial controls
- What options concerned individuals should consider
Alasdair Macleod, publisher of Financeandeconomics.org, sees little room for a happy ending to the worsening European credit crisis.
In this interview, he builds on his excellent synopsis from earlier in the week that detailed how the crisis originated, essentially embedding a fundamental structural shortcoming into the entire Eurozone construct starting back in 1997. This flawed monetary model was exploited for temporal gain, and it worked very well, as long as the pie was expanding and nobody was looking too carefully at the mounting imbalances created as it chugged along beautifully. Everybody was getting rich on their Mediterranean villas going up in price almost daily.
This whole thing was bound to work until, mathematically, it couldn’t work.
Alasdair Macleod: Why the Europe Situation is Certain to Get Worse
Alasdair Macleod, publisher of Financeandeconomics.org, sees little room for a happy ending to the worsening European credit crisis.
In this interview, he builds on his excellent synopsis from earlier in the week that detailed how the crisis originated, essentially embedding a fundamental structural shortcoming into the entire Eurozone construct starting back in 1997. This flawed monetary model was exploited for temporal gain, and it worked very well, as long as the pie was expanding and nobody was looking too carefully at the mounting imbalances created as it chugged along beautifully. Everybody was getting rich on their Mediterranean villas going up in price almost daily.
This whole thing was bound to work until, mathematically, it couldn’t work.
In Part II of Chris' shocking interview with Bill Black on the extreme vulnerability that our economic system has to fraud (click here for Part I), the discussion deepens, exploring a number of disturbing topics including:
- Why there is such a crisis of accountability today
- Why future fraud-driven crises are inevitable if status quo continues
- What strategies are needed to reduce the prevalence of fraud
Bill Black (Part II): A Mess of Our Own Making
PREVIEWIn Part II of Chris' shocking interview with Bill Black on the extreme vulnerability that our economic system has to fraud (click here for Part I), the discussion deepens, exploring a number of disturbing topics including:
- Why there is such a crisis of accountability today
- Why future fraud-driven crises are inevitable if status quo continues
- What strategies are needed to reduce the prevalence of fraud
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