The Sterling Stamos Moment Opens Hell’s Floodgates
September 8, 2012
A currency’s price in gold is the canary in the coal mine. Institutional money is having a Sterling Stamos Moment. They’ve spotted the biggest Ponzi scheme in global economic history and as a result have reached into that rat hole. Redemption time. Those risked funds are now flooding into gold. The currency fall, as all past currency falls that litter history, will be parabolic events when priced in the worlds only long lasting currency-gold.
Sterling Stamos Moment #1, September 5, 2012 PIMPCO Pimping Gold
Paging “Smart Money’s” Marc Faber: Finally, two hands in your audience were raised when for the hundredth time you asked large institutions if they new what gold was. Bill Gross’s hand went up first. His fund PIMCO, the world’s largest Bond Fund (that is aside from Bernanke’s), is buying gold.