Egon von Greyerz has a more dystopian view of financial markets than I do, if that's possible. Will he be proven right? No one knows for sure, but the monetary history of fiat currencies is certainly on his side. My take is he will be proven right--even if his prognostications may be early. My timeline for a currency collapse is within the 2013 - 2015 time frame, based on historical gold bull market cycles. Of course, governments and central bankers can delay reality a long time, so that time line could be extended. But eventually government largesse has its unintended consequences.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/12/28_2013_-_Financial_Destruction_%26_How_Gold_%26_Silver_Will_Perform.html
Friday, December 28, 2012
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment