Tag: safe haven

Peter Schiff: Gold & The Perfect Storm That Will Lead To Collapse

Today Peter Schiff spoke with King World News about what he described as “The perfect storm.” Schiff also discussed gold, the Fed, mining shares, and much more.  But first, here is what he had to say about mainstream fund managers and gold: “I think that what’s going on is that most mainstream investors, who invest other people’s money, see gold as a bubble and are waiting for it to burst.  People think the price of gold is going to go down.  They think the Fed is done easing.” Peter Schiff continues: “Everybody is waiting for the other shoe to drop for the price of gold.  If you look at the price of gold […]

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Richard Russell: Get Rid Of Debt & Prepare For Tough Times

With continued uncertainty in global markets, the Godfather of newsletter writers, Richard Russell, issued the following warning: “This is the time to cut back on needless expenses — get rid of all the debt you can, and prepare for tough times.  I don’t like the utter calm and complacency that I see today.  The last few generations can’t conceive of drastic changes and hard times.” Richard Russell continues: “Deluxe restaurants are still full at dinner time, and people are still taking their families to expensive, fun places like Disneyland.  The only real signs of change are the ‘sale’ and ‘for rent’ signs that seem to be everywhere.  This bear market is going […]

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Egon von Greyerz: Gold to Hit $3,500 – $5,000 in 12 to 18 Months

Today Egon von Greyerz told King World News, “The credit bubble we’ve had, for at least 40 years, is going to accelerate dramatically, and the failures in the system will continue.”  Egon von Greyerz, who is founder and managing partner at Matterhorn Asset Management out of Switzerland, also said, “I see gold reaching $3,500 to $5,000 in the next 12 to 18 months.”  Here is what Greyerz had to say about the ongoing financial crisis and where we are headed:  “There is a fire in almost every country in Europe.  The US is going to catch fire also.  There will be a catalyst coming soon, probably some concerted action of QE or […]

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Robert Fitzwilson: A Clash Of Two Systems On A Global & Historic Scale

Today 40 year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News.  Fitzwilson is founder of The Portola Group, one of the premier boutique firms in the United States.  Here are Fitzwilson’s observations:  “One of the most interesting episodes in monetary history has to do with something called a tally stick.  In ancient times, tally sticks were typically pieces of wood, bone, stone or some other suitable material upon which notches were made to denote numbers and other items worthy of memory.  Over time, these tally sticks moved from the mere recording of information to functioning as money.” Robert Fitzwilson continues: “King Henry I of England wanted to maintain […]

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Bill Fleckenstein: Central Banks & The Fed Are Close To Panic

Today Bill Fleckenstein told King World News, “…the central banks of the world, and in particular the Fed, are close to where they are going to panic and do something big.”  Fleckenstein, who is President of Fleckenstein Capital, also said, “What I am salivating over is the chance to really press my gold position.  I think the next leg is going to be really, really powerful.”  Here is what Fleckenstein had to say in what turned out to be a very powerful and timely interview:  “This all-paper experiment started in 1971, when Nixon closed the gold window.  We had horrendous inflation in the 70s, Volcker came in and saved the day, […]

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John Embry: Hang On Because The Chaos is Going to Accelerate

Today John Embry told King World News, “…the chaos will accelerate,” and “…before this ends, it will be cataclysmic.”.Embry, who is Chief Investment Strategist of the $10 billion strong Sprott Asset Management, also discussed market manipulation.  Here is what Embry had to say:  “The fact that this LIBOR scandal has come to the surface is interesting.  It’s an indication of the depth of the corruption in the system.  The LIBOR scandal is just one of the many manipulations going on in the world at this point.” John Embry continues: “To me the biggest one and the longest running manipulation that no one will acknowledge is the gold and silver suppression scheme.  This […]

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John Embry: Fixes From The 70s Won’t Stop This Disaster

Today John Embry gave King World News an extraordinary interview. Embry, who is Chief Investment Strategist of the $10 billion strong Sprott Asset Management, discussed market manipulation, the crisis today vs the 70s, inflation and where we are headed.  Here is what Embry had to say:  “I’m fascinated by this whole Barclays situation, in the sense that they have been accused, and have admitted as such, that they have been manipulating Libor.  This actually affects about $360 trillion worth of the world’s financial transactions.” John Embry continues: “It’s actually a shocking thing when you think about it, but I like to relate it to the gold and silver markets.  These people messed […]

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Richard Russell: Is Anything Safe In Our New World?

With continued uncertainty surrounding global markets, the Godfather of newsletter writers, Richard Russell, asked an important and intriguing question, “Is anything completely safe in our new world of central bank fiat paper?” Russell also discussed gold at length, but first, this is what Russell had to say about  the action in stocks:  “I wanted a mechanical way to follow the secular (primary) bear market.  This required a moving average that was insensitive to secondary reactions and also insensitive to cyclical (short-term) bull and bear markets.  In other words, I needed a long-term moving average that would portray the primary trend while screening out most minor and secondary movements.” Richard Russell continues: “After much […]

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Why a $10,000 Gold Price is Less Crazy than You Think

| July 3, 2012 | Articles: Insights
Why a $10,000 Gold Price is Less Crazy than You Think

Believe it or not, there is a plausible path to a $10,000 an ounce Gold Price. And it doesn’t require a breakdown in civil society, writes Dan Amoss for the Daily Reckoning. Speculators see central bankers as modern-day superheroes, able to push markets around with a single phrase. In the minds of most investors, Ben Bernanke, Mario Draghi and Masaaki Shirakawa might as well be wearing tights, masks and capes. These superhero central bankers continuously swoop down into the financial markets to defend them from downticks…and to insure that they always deliver capital gains. The reality, of course, is that these superheroes are frauds. They have no superpowers…other than the power of mass […]

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Jim Rogers: If I had to buy just one precious metal, it would be silver

Jim Rogers is known for his successful investments in the past decades but also for his very explicit (bullish) statements about investing in commodities the last decade. On Friday 29th of June, he commented on the outcome of the European Summit that took place on Thursday and Friday. During an interview on CNBC he stressed again what he has been telling the world for several years now : “the solution for too much debt is not even more debt”. Jim Rogers clearly does not believe in the decisions that were announced after the European Summit. He had to say that “we had 20 summits in the past years and every time […]

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Silver Manipulation: a once-in-a-lifetime opportunity to increase your wealth

Michael McDonald and Christopher Whitestone published a book about the silver manipulation and what the physical metal means for people globally. In an audio interview conducted by SGTReport, co-author Michael McDonald provides some key idea that are explained in his book ” The Silver Bomb: Beyond the Return of Metal as Money “. Click on the link to go the book’s website  for a free preview and for details on where to buy it. The book is a quick and easy read to let people know what is happening in our world, how we got there and which solutions we have to go through the coming crisis. For who is this book important? It’s for the good & […]

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Gold & the Worsening Deflation

| July 1, 2012 | Articles: Insights
Gold & the Worsening Deflation

The decaying state of confidence is assisting in the deflationary process that is slowly, inexorably, moving forward, writes Julian Phillips of the GoldForecaster. Action from central bankers is increasingly limited, and there is in fact very little action at all from politicians. Christine Lagarde of the IMF has stressed the need for value and measures of value to keep the monetary system under control. But the loss of money velocity, plus deflation, is doing serious damage to the solvency of banks and nations. Most recently, the process has moved forward with 28 Spanish banks downgraded by the Moody’s ratings agency, while the Spanish government has formally asked for financial assistance from the European […]

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Eric Sprott: We’re Being Lied To, Even The 1% Is Having Problems

Today billionaire Eric Sprott gave King World News an extraordinary interview, and it’s not the kind of thing you are going to see in the mainstream media.  Sprott told KWN, “…as much as we knew the 99% was having a problem, I can guarantee you the 1% is having a big problem today.”  Sprott, who is Chairman of Sprott Asset Management, also said, “the markets go up because the central planners want the markets to go up … The system is imploding on itself, but the central planners want everyone to think it’s fine.  They just lie to us.” He also stated, “…there is no plan, no formalized plan, no […]

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Jean-Marie Eveillard: This Is All A Delusion, I Am Keeping My Gold

With global stock markets trading higher, today King World News interviewed legendary value investor Jean Marie Eveillard, who oversees $50 billion at First Eagle Funds.  Eveillard told KWN that despite “the fact that the stimulus has been completely unprecedented in scope … the economic recovery seems to be sputtering.”  He also discussed the gold market, but first, here is what Eveillard had to say about the ongoing crisis:  “There is no doubt that there are major deflationary forces at play.  There is also no doubt that the private sector is continuing to deleverage.  But in order to prevent the deleveraging of the private sector from sending the economy into a replay […]

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