Perhaps one step before Harakiri… says Gold Switzerland
A recent report from Gold Switzerland…
In particular, as the Swiss investment house reported, most investors are completely unaware of the purpose or historical significance of gold.
“Gold is the only…surviving store of value, but hardly anyone knows this vital information.
For this reason, only 0.5% of global financial assets are invested in gold.
On the other hand, most people trust fiat currencies…”
This ignorance leads to losses…
For example, if investors had put their money in gold at the beginning of this century, today they would have seen their investment multiply by 7x or more, depending on their base currency.
And that’s okay, gold has risen significantly in the last two decades.
What else is going on?
Should investors have put their money into stocks, bonds, and real estate at such a point that it became an unprecedented bubble?
Well, the categorical answer to that is obviously NO.
Since governments and central banks are the biggest supporters of gold, owning gold is a SINE QUA NON.
“The everything bubble will become the final collapse, with all assets in the bubble falling between 75% and 95% in real terms,” argues Gold Switzerland.
The biggest collapse will obviously be in the $300 trillion debt market.
But before this debt collapse, Western governments and central banks will have stifled financial markets through what is called “quantitative easing.”
So far, due to this misguided policy, four banks have been “killed”… One Swiss, Credit Suisse, and 3 American, Silicon Valley Bank, Signature Bank and First Republic.
After the 2008 banking crisis, the authorities assured that there would be no more bailouts.
Those were brave words that we know will not be implemented.
Rumors, and only, that depositors were withdrawing hundreds of millions or billions from Credit Suisse or Silicon Valley Bank meant that central banks had a few hours to bail out the banking system.
Bank runs are no longer triggered by depositors lining up at bank doors, but by the spread of news in a matter of minutes via social media.
To prevent the system from collapsing, the central bankers had to stop everything.
So we’re back to the rescues again.
And what we’ve seen so far is just the beginning.
The system is rotten and broken (hence the bankruptcy of BANCA ROTTA).
It is very likely that the more than $2 trillion in global derivatives outstanding will be turned into debt as the counterparties fail.
Then the printing of real money will begin.
But global risks are multiplying: from Ukraine and the threat of nuclear war to the possibility of a new debt crisis.
Since Western governments and central banks know that the system is on the brink of collapse, they are doing everything they can to control the people.
Covid vaccines, lockdowns, global warming were just the beginning. Next are CBDCs (Central Bank Digital Currencies).
This will be the perfect way for governments to control their people by having full control over their money.
Obviously, very few can escape what lies ahead, but anyone who can should really explore all the alternatives, says Gold Switzerland.
“What most people can do with their savings is own physical gold and some silver.
Because it is certain that the paper money in the next phase will reach its intrinsic value, that is, ZERO. as Voltaire said.
What will happen to the dollar, the euro, the pound or the yen?
Its value will decrease by 50% or maybe even 100%.
Since all currencies have lost 97-99% against gold since 1971, it is likely that we will experience at least the same drop in the next 5 years or more…
And for anyone who thinks the stock market will protect them from the next collapse of the financial system, the news is bad:
“The Dow-gold ratio, currently at 17, is likely to reach at least the 1980 level of 1:1.
That would mean a 94% drop in equities against gold from current levels.
But I think it could easily reach the 0.5:1 trend line, which means that the Dow Jones would fall 97% against gold ”, concludes the analyst of the Swiss house.