Monday, January 28, 2013

Is the First of Many Currency Crises Just Now Unfolding? Are Gold & Silver About to Take Off As a Result?

"I expect the eventual endgame to this whole Keynesian monetary experiment that has been going on ever since World War II [will] finally terminate in a global currency crisis. [That being said,] I’m starting to wonder if we aren’t seeing the first domino – the Japanese yen - start to topple…[It has] cut through not only the 2012 yearly cycle low, but also the 2011 yearly cycle low and never even blinked [and should it continue its steep decline] and break through the 2010 yearly cycle low [of 105.66] I think we have a serious currency crisis on our hands. Needless to say, if the world sees a major currency collapse… it’s going to spark a panic for protection – to gold and silver. Wouldn’t it be fitting that at a time when they are completely loathed by the market they are about to become most cherished?..."

at http://www.munknee.com/2013/01/is-the-first-of-many-currency-crises-just-now-unfolding-are-gold-silver-about-to-take-off-as-a-result/

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