On a day when the Dow is tumbling more than 500 points, David Stockman, former Director of the Office of Management and Budget under President Reagan, just told King World News there will be a big flight to gold as we end the 3rd great bubble of this century.
Gold Punches Back Above $1,500
October 2 (King World News) – Eric King: “David, we are watching the price of gold today punch above $1,500. The gold market has recently come to life and it seems to be consolidating in a corrective phase — your thoughts on gold.”
Big Flight To Gold
David Stockman: “Gold is the indicator of confidence or lack of confidence in Keynesian central banking. And as we near the end of the third great bubble of this century, as we begin to see more and more evidence of the economies around the world faltering, despite all of the stimulus, I think the natural outlet for those growing worries and concerns that they can’t keep this thing levitated forever will end up being reflected in a flight to gold…
To listen to Doug Casey’s just-released KWN interview discussing his prediction of financial and economic chaos and a panic into gold CLICK HERE OR BELOW:
Relative to the size of the financial markets of the world — there’s $250 trillion of debt and the equity markets total $80 trillion if you add them all up, call it nearly $350 trillion of debt and equity market value in the global financial system — the value of all the gold in the world is a tiny fraction of all of that. And so as people worry about the sustainability of this $350 trillion financial system, it only takes a small flight to gold as a safe haven and the price is going to move.
It looks to me as we go into the 2020s with all of the disasters that are going to unfold as a result of the fiscal crisis that is being created, I think all of this will mean (big) upside for gold…KWN has now released David Stockman’s powerful audio interview and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
Dow Plunges And Gold Surges
READ THIS NEXT! Dow Plunges Nearly 500 And Gold Surges $17 CLICK HERE TO READ
JUST RELEASED! Gerald Celente tells KWN listeners around the globe exactly where he believes the decline in gold will end before it skyrockets through $2,000 and much more and you can listen to his powerful audio interview by CLICKING HERE OR ON THE IMAGE BELOW.
More articles to follow…
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ALERT: Important Update After Yesterday’s Carnage In Gold, Silver & Mining Shares CLICK HERE TO READ
Here Is The Perfect Thing To Read On A Day Where Gold & Silver Are Tumbling CLICK HERE TO READ
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