Lost Confidence Can’t Be Restored & Gold’s Final Move
October 11, 2012
Today a legend in the business surprised King World News when he said, “Gold is going to keep going up until the US dollar is finished. So the reign of the US dollar will come to an end.” Keith Barron, who consults with major gold companies around the world, and is responsible for one of the largest gold discoveries in the last quarter century, also said, “At that point the global collapse will be in full-swing.”
On the heels of another major country being downgraded yesterday, Barron also warned, “The real problem here is that you can’t restore confidence at this point in the cycle.” Here is what he had to say: “Europe is getting worse all the time. The IMF is now saying that European banks may have to sell off an additional $4.5 trillion of assets. At the same time, they are trying to push various governments for increased austerity measures, and it’s not working. Either the countries are simply not implementing the increased austerity or they are not implementing them to the extent that the troika wants.”
Keith Barron continues:
“Some countries are refusing, and in addition they are having more civil unrest. The unemployment rate is now a staggering 25% in Greece. It has reached a mind boggling 52% unemployment for those under the age of 25 in Spain. These are truly incredible numbers, and as I said, they are fomenting very intense civil unrest.
This is going to lead to the death of democracy if something is not done….