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« The Big Picture Hasn’t Changed: Don’t Get Sucked Back Into the Stock Market | Main | Kirkland Lake Gold Announces Q2 Production Of 68,338 Ounces Of Gold And Welcomes Tony Makuch As CEO »
Tuesday
Jul192016

Six Major Events That Will Change History - Egon von Greyerz

Investors globally have never faced risk of the magnitude that the we are now exposed to. But sadly very few are aware of the unprecedented risks the world is facing. For the ones who understand risk and take the right decisions, it will “lead to fortune”. Only very few will choose that route. Instead most investors will continue to live in the hope that current trends will go on forever but sadly these people will end up “in shallows and in miseries”.

Risk is now staring us all right in our face but very few people can actually see it.

Let’s just be clear what some of the events that will change the face of the earth are:

  1. No Sovereign state will ever repay their debt – That is an irrefutable statement and anyone who doesn’t understand that lives in denial.Sovereign debt has increased exponentially in the last couple of decades and governments neither can nor have the intention of ever paying their creditors. They can’t even afford to pay the interest and this is why an ever increasing number of countries have negative interest rates. So not only will they not repay the capital but investors now pay bankrupt nations for the privilege of holding their worthless paper. It is incomprehensible that investors are prepared to hold nearer $100 trillion of debt with no yield or negative yield and no chance of getting their money back. No one worries about the return OF their money and now it seems that investors don’t even worry about getting a return ON their money. This is a shocking state of affairs that eventually will lead to a total collapse of all sovereign debt.
  2. No bank will ever give depositors their money back – I know that very few believe this statement. Because,  read more........

The HUI could be starting a corrective period right now but gold is holding up - interesting times.......

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