SW: New Must Read Report and Must See Charts on Gold
New Must Read Report and Must See Charts on Gold
- “Gold remains in secular bull market”
- System is addicted to unsustainable debt
- Persistent deflationary forces threaten system
- Monetary authorities to take increasingly risky measures to engender inflation
- Debt based monetary system is crux of problem
- “All available means” deployed to prevent global government bond bubble from bursting
- Aversion to owning any gold whatsoever displays “ignorance of monetary history”
- Gold’s qualities as store of value and medium of exchange to be “rediscovered”
- “Gold price target of USD 2,300” in three years
The bull market in gold remains intact and may soon reassert itself according to asset managersIncremental in their must read yearly “In Gold We Trust” report.
“We are firmly convinced that gold remains in a secular bull market that is close to making a comeback” the report states.
Global debt levels are currently 40% higher than in 2007
The systemic desire for rising price inflation is increasing
Opacity of the financial system – volume of outstanding derivatives by now at USD 700 trillion, the bulk of which consists of interest rate derivatives
Concentration risk - “too big to fail” risks are significantly higher than in 2008
Gold benefits from periods of deflation, rising rates of price inflation and systemic instability
Gold is a financial asset that has no counterparty risk
Global debt levels are currently 40% higher than in 2007
The systemic desire for rising price inflation is increasing
Opacity of the financial system – volume of outstanding derivatives by now at USD 700 trillion, the bulk of which consists of interest rate derivatives
Concentration risk - “too big to fail” risks are significantly higher than in 2008
Gold benefits from periods of deflation, rising rates of price inflation and systemic instability
Gold is a financial asset that has no counterparty risk