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« How to Play Your Gold Stocks Now | Main | Gold Prices Experience a ‘V’ Shaped Bounce »
Tuesday
Nov272012

What catalyst will trigger Gold’s parabolic rise

by Egon von Greyerz  – November 2012

Seldom in history are investment decisions self-evident. But today we have such a situation.

Gold is the only real and the only honest money. Gold reflects governments’ deceitful actions in destroying the value of paper money. For the last 100 years since the creation of the Fed and especially since 1971 when the US dollar was no longer backed by gold, paper currencies have been on a road to destruction. They have lost 97-99% since 1913 and around 80% since 1999.

In 2013 we will enter the final phase which eventually will lead to the total destruction of most paper currencies. The two principal factors leading to this are:

  • Exponential rise in government deficits

  • Unlimited money printing

There is absolutely no chance that governments can or will stop the deficit spending. Any government even mentioning the word austerity will be thrown out very quickly. And even if serious austerity measures were attempted, they would just lead to a spiraling downturn of the economy creating even bigger deficits.

The consequences of the massive money printing that the world will experience will be:

  • Collapsing currencies

  • Hyperinflationary depression

  • Social unrest

  • Wars

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