Archive for October 11th, 2013

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Gold Buying Panic In China: 10,000 People Wait In Line For Their Chance to Own Precious Metals (Mac Slavo)

One day in the near future Americans will finally realize that their money is being devalued at a rapid pace. For the time being the price increases are somewhat muted by official announcements of inflation being under control at around 2% and purported economic recovery on the horizon. The Federal Reserve and the US government are doing everything in their power to maintain a perception of stability.But what happens when all the machinations are proven to be fruitless during the next stock market crash and currency crisis?

That’s when people panic. That’s when they start mass selling assets that hold no true value, and shift their capital to physical goods that store and preserve wealth.

There’s no question that gold and silver are in a bull market. That trend will likely continue as long as the Fed keeps increasing the money supply, and deflating the dollar.

Investors who heard Federal Reserve’s Chairman Ben Bernanke’s “throw money from a helicopter to save the economy” speech and bought precious metals to protect themselves before 2006 are glad they did. But is it too late for those who waited until now?

Those in the know say it’s never too late. The fear that paper money will be worthless eventually is very real and the only real money left will be gold and silver. This being so, it would certainly be wise to stock up on some precious metals now.


On today’s date October 22, 2013 that’s the title of the King World News interview with 50 year gold market veteran John Embry.  Referring to the ‘Orwelian nightmare’ the world now faces, the comparison is made to the ‘price controls’ under Nixon.  Big difference now is that we don’t have a Paul Volker to step in and raise interest rates to almost 20%.  Raising interest rates now would bring about a total collapse of our financial system.  So ‘QE to infinity’ seems to be the only option.  Quoting from the interview, ”people know something is wrong, and more and more people are sensing that the financial system is now in fact in a terminal state.”  ”And this is the ‘bottom line’ says Embry, ‘…everyone has to have some physical gold and silver in their portfolio as an antidote to the nightmare that is still in front of us”    KWN interview here:…

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