On the heels of a brutal multi-week smash in the gold and silver markets and with bonds collapsing and interest rates soaring, this is going to rock the world and bring countries to their knees.
Egon von Greyerz: “The state of the derivatives market is very interest rate dependent and is going to be impacted by higher interest rates, which will come in the coming months and years. They are going a lot higher. Interest rates are going into the teens (13+%) regardless of what happens to the economy. Of course that will mean that the derivative market will not survive. The debt market is the biggest bubble in the world. We are talking about a total debt market of $150 trillion. That market is going to collapse and that collapse will start as money printing increases. Gold could therefore go a lot higher than anybody realizes. I’m still standing by my $10,000 price target for gold in today’s money, but there is no chance…On the heels of a brutal multi-week smash in the gold and silver markets, KWN has now released the powerful audio interview with Egon von Greyerz and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Forget The Pullback, A Legend Connected In China At The Highest Levels Just Predicted Price Of Gold Will Surge More Than $1,000 From Current Levels CLCK HERE.
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