Sunday, October 28, 2012

Greyerz - Two Absolutely Incredible & Key Gold Charts

"...This chart shows the balance sheet of the Fed and the balance sheet of all of the central banks in the world compared to the gold price. And it’s absolutely inevitable that they will, and they must, continue to expand because without that we will have a total collapse of the financial system.

 
Bernanke knows that and all of the central bank leaders know that. So that will continue and as we see in this chart, borrowings will continue, balance sheets will expand and the gold price will just continue to reflect that. This is without the market reacting to the fact that there probably isn’t anywhere near the central bank gold (governments claim they possess).
I also have a chart on the US public debt to gold price (starting) from 1900. You see on that chart how from the late 1900s that gold and the US public debt has started to go exponential (see chart below).



 
 
Now we are actually getting into the parabolic phase of the move, which is straight up. Central banks will have to print unlimited amounts of money. So what I am saying for investors is don’t worry about short-term corrections because you know it’s absolutely certain that debts will go up, and gold will continue to reflect that.”
at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/26_Greyerz_-_Two_Absolutely_Incredible_%26_Key_Gold_Charts.html



© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.



The interviews with Gerald Celente, MEP Nigel Farage, Dr. Stephen Leeb, Rick Rule, James Turk, Jean-Marie Eveillard and Bill Fleckenstein are available now. Also, be sure to listen to other recent KWN interviews which included, Art Cashin (UBS $612 billion), Jeffrey Saut (R.J. $360 billion) and John Embry by CLICKING HERE.



Eric King



No comments:

Post a Comment