http://bullmarketthinking.com/eric-s...n-in-the-west/
"When asked his thoughts on the catalyst which will send gold much higher, Eric noted that,*“The one event in my mind would be when it becomes apparent to everyone that having a deposit in a bank is a very risky situation.*We saw that in Cyprus where the depositors got nailed on the bail-in.*We’ve*seen all these proposals to have bail-ins as the solution to the problem in the US, in Canada, in Britain, in New Zealand and in Europe. All the paperwork has been laid out.”* Commenting on the absolute insanity of the Western financial system, Eric said,*“We’re in a very, very fragile financial system right now. We have most Western governments buying their bonds, which is total financial insanity. We have zero interest rates which is total financial insanity and even with this, we can hardly get the economies to recover.*What’s going to happen to those governments is the same thing that happened to Detroit…It’s so cast in stone. It’s amazing that we all ignore it.” As a final comment to investors looking at precious metals, Eric said, “I think the bottom is in, in gold and silver. I think the returns are going to be fantastic. It’s probably a better time to buy…than it was in 2000 when the price [really] started to move.”"
"When asked his thoughts on the catalyst which will send gold much higher, Eric noted that,*“The one event in my mind would be when it becomes apparent to everyone that having a deposit in a bank is a very risky situation.*We saw that in Cyprus where the depositors got nailed on the bail-in.*We’ve*seen all these proposals to have bail-ins as the solution to the problem in the US, in Canada, in Britain, in New Zealand and in Europe. All the paperwork has been laid out.”* Commenting on the absolute insanity of the Western financial system, Eric said,*“We’re in a very, very fragile financial system right now. We have most Western governments buying their bonds, which is total financial insanity. We have zero interest rates which is total financial insanity and even with this, we can hardly get the economies to recover.*What’s going to happen to those governments is the same thing that happened to Detroit…It’s so cast in stone. It’s amazing that we all ignore it.” As a final comment to investors looking at precious metals, Eric said, “I think the bottom is in, in gold and silver. I think the returns are going to be fantastic. It’s probably a better time to buy…than it was in 2000 when the price [really] started to move.”"
by InformedTrades via InformedTrades
No comments:
Post a Comment