- There are simply too many intractable problems in the world today. Anyone of it can trigger a global collapse. You have to be insane not to protect yourself with physical gold. Fiat currencies are a CONfidence Job perpetrated on the world by Illuminist banksters. The world will wake up one day and realize that all these pieces of paper currencies have no intrinsic value. They are an illusion of wealth!
Turk – Gold & Silver Have Bottomed, Summer Explosion Ahead
..Turk responded, “Eric you know from our previous discussion that I was looking for some more backing and filling and that is exactly what has happened over the last couple of weeks. More importantly gold dropped back to test $1,520, while silver probed support around $35 and both support levels held.”
“The sharp rally that occurred today off of those support zones suggests to me that the correction is over. In other words we are going to see silver back above $40 and gold above $1,550 within the next couple of weeks. Everything is all set for new record high prices in both metals this summer, which is going to surprise a lot of people.
I just think that people don’t really understand what can happen this summer. We’ve spoken before about the summer of 1982 when the gold price rose 50% from June to September, propelled back then by the Mexican debt default.
There are so many potential debt defaults going on today it is hard to figure out which one will be the tipping point. But whether it is Greece or Ireland or someone else it doesn’t really matter Eric, it will be a clear sign that today’s fragile monetary system of fiat currencies backed by nothing is imploding….
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