With gold spiking more than $60, the dollar falling and bonds surging, today one of the top money managers in the world warned King World News that the world is now in the early stages of total panic as global stock markets plunge.
King World News warned its global readers yesterday that global panic was coming because of the derivative nightmare in Hong Kong. Well, it’s here…
Total Global Panic
Stephen Leeb: “Right now we are seeing the early stages of total global panic and we are seeing that reflected in the $60 spike in the price of gold today…
In a King World News interview I spoke with the man who predicted the Swiss National Bank would experience staggering losses and that the Fed would also experience massive losses that will destabilize the global financial system! His company is the only one in the world offering a precious metals investment service outside the banking system, with direct ownership and full control by the investor. He has also become legendary for his predictions on QE, historic moves in currencies, and major global events. To find out what he and his company can do to help answer that age old question for you CLICK HERE.
Stephen Leeb continues: “The world is scared to death of deflation right now and it has to do with the collapse in the oil price. But that oil collapse is going to reverse in a big way. It could start today or next week but that reversal is coming.
There Will Be Very Few Survivors
We will see deflation turn into inflation because of the destruction of fiat currencies. This will catch the world totally by surprise because it will mean commodity inflation on a scale that seems unimaginable today. This is a perilous time, Eric, and there aren’t going to be a lot of survivors as far as investors go, but the safest asset going forward is gold.
The Metal Of Kings Is Now Ascending
Gold is in the very early stages of returning to its role as the supreme currency in the world and this next leg of the bull market will see the price of gold push through $10,000.”
And there goes the Gold/Oil ratio…
Gold/Oil Ratio Hits Shocking New All-Time High Of 47:1!
***IMPORTANT: ALERT: Derivatives Nightmare Has Shares In Hong Kong Plunging And Gold Surging To $1,250 CLICK HERE.
***Felix Zulauf’s remarkable audio interview, where he discusses the gold market and tells listeners exactly how they can avoid wealth confiscation as well as how the global collapse will unfold, and much more, has now been released and you can access it by CLICKING HERE OR ON THE IMAGE BELOW.
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