Kitco News spoke with forecaster Gerald Celente about the grand manipulation of global markets by central banks. Celente argues that the only reason the gold price isn’t $2,000 is because of the low interest rates and quantitative easing of the Federal Reserve. He predicts a panic in US equity markets in 2015 and a resurgence in precious metals.
Famed contrarian investor Marc Faber has predicted that gold will go up “substantially” in 2015, perhaps as much as 30%. Much like Peter Schiff, Faber sees 2015 as the year that the markets wake up and realize that central banks are no longer capable of artificially supporting asset prices.
Faber’s investment advice comes down to shorting central banks:
My belief is that the big surprise this year is that investor confidence in central banks collapses. And when that happens — I can’t short central banks, although I’d really like to, and the only way to short them is to go long gold, silver and platinum… That’s the only way. That’s something I will do.”
Jim Rickards spoke with Daniela Cambone on Kitco News about what he thinks 2015 will hold for the price of gold and the United States dollar. Rickards reminds us that we’re in a long-term currency war that could continue for years. There’s a good chance that gold will be needed to bring back confidence in paper currencies.
Chris Waltzek interviewed John Embry on GoldSeek Radio this week. Embry is Chief Investment Strategist at Sprott Asset Management and shares many of Peter Schiff’s views on the United States economy, which he believes is heading towards a currency crisis. He emphasized what a great opportunity investors have right now to get into precious metals at very low prices. American citizens should look to the inflation in Argentina or Russia to see why they want to be holding gold when the dollar starts to dive.
We were surprised to see mainstream stock speculators actually recommending gold as a good buy last week. On Friday, stock traders on CNBC argued the bull and bear case for the yellow metal, and the bull won. He touched on two of the key fundamentals supporting gold: the ongoing international currency war and huge physical demand for gold.
Of course, none of these traders pointed out that the US dollar’s days are numbered thanks to the Federal Reserve’s policies. Perhaps that’s the black swan the bear doesn’t see coming.
Here is a fascinating interview with Ned Naylor-Leyland, a precious metals expert with Quilter Cheviot Investment Management. Naylor-Leyland explains the coming divergence between the physical and paper gold markets and how mainstream media doesn’t grasp just how large the daily gold market is.
He also discusses the ongoing Eastern demand for physical gold, especially in China. Did you know China has twice as many retail bullion shops than the United States has Starbuck, Subway, and McDonald’s locations combined?
Jim Rickards agrees with Peter Schiff. The stock market is in a bubble thanks to the monetary manipulation of the Federal Reserve. Like Peter, he doesn’t think the Fed will raise interest rates in 2015. Instead, Yellen will be forced to start quantitative easing again by the beginning of 2016. This, he argues, will be the beginning of the end of the existing world monetary system. Watch Rickards explain his reasoning to Bloomberg below.
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If you follow precious metals news, you might have seen a recent article reporting that Russia sold a big chunk of its gold reserves. The article has since been corrected, but it just goes to show how sloppy Western journalism can be, especially when it comes to the reality of physical gold investment.
Laurynas Vegys of Casey Research has published a new article exposing this poor reporting. He goes on to dig deeper into the extremely bullish actions of Russia, which appears to prefer gold over the US dollar.
What we’re seeing here is not some haphazard pattern of purchases. Quite the contrary, this is a trend that has been in motion for quite a while, right under the noses of indebted Western governments and against the backdrop of unprecedented rounds of money printing by the world’s major central banks.
The big news this past weekend was the United States Senate passing a giant spending bill just in time to prevent a government shutdown. Ron Paul’s weekly column for the Ron Paul Institute explains why a responsible government would not shy away from a temporary government shutdown. Just as Peter Schiff has said time and again, a little short-term pain is well worth the long-term economic benefits of reducing government spending and debt.
The political class’ shutdown phobia is particularly puzzling because a shutdown only closes 20 percent of the federal government. As the American people learned during the government shutdown of 2013, the country can survive with 20 percent less government.
Jim Rickards believes the United States is in a depression and has been for years. Rickards explains that economists ignore this reality, because there is no precise mathematical definition of a depression. This allows them to point to statistics like the growing GDP and improving jobs numbers as proof of an economic recovery.
However, Rickards points out that no American investor today has actually lived through a depression, so their conception of it is completely off-base.
