Stock Market Collapse To Accelerate As Gold & Silver Skyrocket
August 22, 2013
On the heels of recent strength in gold and silver, today a 58-year market veteran warned King World News that the collapse in global stock markets has only just begun. Ron Rosen, who has been at this business for almost six decades, believes stocks are now poised for a breathtaking collapse. He also told KWN that gold and silver will skyrocket as the markets begin this historic collapse.
Eric King: “Ron, last week KWN had the interview with you, ‘Gold & Silver To Skyrocket As Stocks Begin Historic Collapse.’ Since that piece was published we have seen the Dow plunge 500 points, and during that turmoil gold has already risen $55, while silver surged roughly $1.70. It appears that we have begun to see this move that you predicted was going to take place.”
Rosen: “This decline has just begun in the Dow, and this will be second only to the major collapse in the Dow between 1929 and 1932. That was an 89% collapse that we saw in the early 1930s. This will be at least a 66% decline, and as I said, second only to the collapse that led to the Great Depression.
During this decline I expect gold and silver to skyrocket….