With the U.S. dollar at the lowest level in 6 months, today the top trends forecaster in the world spoke with King World News about what is going to shock the world.
Gerald Celente: “The IMF Chair, Christine Lagarde, said a few days ago that China fears are spreading globally. She is also warning that it could have a very dramatic effect on world equity markets…
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Gerald Celente continues: “Everyone knows that the only reason equity markets are moving higher is because of the zero interest rate policy and quantitative easing. The U.S. has only raised interest rates once since 2006. So when you are looking at the equity markets in the U.S., let’s understand that some $60 billion each month is being used for stock buybacks.
China’s Insatiable Appetite For Gold
Moving on to gold and silver. Look at the World Gold Council’s latest report about China’s insatiable appetite for gold — not only the government but also the Chinese people. And they are not buying it for jewelry, instead they are buying bullion and coins. So they are buying gold as a store of value. The Chinese see the handwriting on the wall. And if you go back to Christine Lagarde’s statement, she fears that a China meltdown will spread globally. So the Chinese people know what’s going on.
And many other country’s central banks are also buying gold. These country’s know that gold is the only way out when you have all of this fiat money printed on nothing and backed by nothing.
We also see gold as the safe haven asset. And I would like to layer on one more reason why we see gold as the safe haven asset outside of the financial sector and that’s geopolitics. Look at what is going on with the war heating up between Azerbaijan and Armenia. We also see an increase in NATO troops in Libya. There is also the refugee crisis that will get even more intense, despite the attempts to ship them back to Turkey.
The refugee crisis in Syria is also being amplified because of the end of the cease fire. And the war in Iraq is going backwards for the existing government and ISIS is making gains. The war in Afghanistan is also increasing with no end in sight.
This Will Shock The World
So what I am saying is that geopolitical instability on top of financial instability is what is going to ultimately drive the gold market to much higher levels. And as that is unfolding, the run in global stock markets will finally come to an abrupt end. Tumbling global markets will shock investors and fuel even greater interest as money flows out of stocks and into the one true currency — gold.”
KWN has now released the outstanding audio interview with Stephen Leeb and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
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