Sunday, August 25, 2013

What Now Lies Ahead Is A Terrifying Panic & Collapse

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/8/25_What_Now_Lies_Ahead_Is_A_Terrifying_Panic_%26_Collapse.html
Printing and currency debasement has never worked and it never will.  What lies ahead is a chaotic collapse of any asset reliant upon the integrated web of fiat money creation.  Most people refer to it as hyperinflation of prices.  In our mind, it makes more sense to refer to it as hyper-devaluation of paper currencies -- an instantaneous, hyperbolic collapse relative to real assets.  As was reiterated this week, gold is not going up, the currencies are going down with increasing volatility and speed.
Gold, silver and the companies that mine the metals have clearly bottomed.  We are finally on the same side of the table as the people doing the manipulation.  The existing supplies of metal have been nearly exhausted.  Substantially higher prices await.  It will likely be orderly in the short-term, but then explosive to the upside as panic buying of gold, silver and mining shares develops.

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