Celente – The “Golden” Days Are Just Ahead & A New Cycle
May 19, 2012
Today top trends forecaster Gerald Celente discussed gold at length, as well as other important trends with King World News. Celente is the founder of Trends Research, and the man many consider to be the top trends forecaster in the world. Celente also discussed the difference between the current cycle and the 1970s. Here is what Celente had to say: “A lot of people are saying that, ‘The Gold bubble has burst,’ and I’m not one that believes that. I’m a trends forecaster and my forecast is gold will continue to rise. It may go down short-term, but long-term I’m bullish. And I don’t speculate in gold, I buy gold.”
Gerald Celente continues:
“I have gold for my ‘golden years.’ So, let me go back to 1978 when I bought my first 100 ounces of gold at $187.50 an ounce. These are very different times between then and now. There was no eurozone, in terms of a monetary union.
In other words, that whole gold market in the 1980s was US-centric. There were no runs on the banks in Greece as there are today. There was no depression in Spain and runs on the banks in the eurozone as there are today.
It’s a totally different game….