Gold: The Good, Bad, and Truly Ugly…”A vulnerable and dangerous financial system that is increasingly leveraged is a bubble in search of a pin. Accidents happen! Protect yourself and insure your assets with gold and silver.”

Tuesday, February 24, 2015
By Paul Martin

By Gary Christenson
GoldSeek.com
Tuesday, 24 February 2015

THE GOLD STANDARD: Although it may be unrealistically optimistic, I believe my paraphrase of a Churchill quote:

“Central Bankers will eventually do the right thing and return to a gold standard after they have exhausted all other alternatives.”

While central bankers are exhausting all other alternatives, I worry about the collateral damage to 90% of the population who are not first in line on the fiat money gravy train that benefits the financial and political elite.

Clearly, central bankers will return to a gold standard only if forced by a financial implosion, economic collapse or equivalent disaster. Hence, the powers-that-be will do whatever is necessary to conceal the sovereign debt bubble, hide the insolvency of sovereign governments, and extend and pretend regarding the value of bonds, equities, and fiat paper currencies.

THE GOOD: Gold is and has been real money for 5,000 years.

THE BAD: Gold prices will benefit from the following items. (This is a long and incomplete list.)

Greek bankruptcy and their inevitable exit from the Euro zone: Such an exit will confirm bad debts, weaken or destroy the banks that made the loans, and damage confidence in fiat currencies, ever-increasing debt, and sovereign debt collateral.
Euro, Yen, Dollar collapse: Can a major world currency collapse in value without damaging confidence in all other fiat currencies? People will have more confidence in gold and will lose confidence in fiat currencies.

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter