What is investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts looking to put money in? She has long been lukewarm on gold, but not any longer. Fitts now says, “The world is choking on debt. . . . It’s not just peak oil, it’s peak everything. So, it is one of the reasons you see margins falling, and we tried to fight it by blowing bubbles. We are reaching the end of that sort of strategy, and it’s one of the reasons you are seeing more and more people become aware of gold and want gold. They are saying, okay, the financial asset bubble game is over, and now we want real things. . . . To me, gold was a core position, and I have always felt that gold was a core position. So, I like gold now. For many years, I said I don’t think gold is going to have a good investment run. I am changing that this year. I think gold as an investment will do reasonably well this year, and it should. . . . Basel III rules are basically making gold more attractive and focusing more on financial soundness. Yes, the central banks and banks are going to be buying, but I think as you see global investors see the extent of the lawlessness, and like the determinations in the U.S. federal credit, they are going to be looking for real assets. Gold is just going to be a place to go. . . . Away from jewelry, you’ve got about a $3 trillion gold market. So, it only takes a little bit of a pension fund or a sovereign wealth fund to increase their gold allocation to run the market up. I think there is going to be a steady drum beat of support for the price of gold for some time to come.”
Join Greg Hunter as he goes One-on-One with Catherine Austin Fitts, financial expert and founder of The Solari Report.
See Also: (Greg Hunter) – Rob Kirby – With System Critically Broken Gold Shoots Higher
Macroeconomic analyst Rob Kirby says, “Global financial system is critically broken.” With massive amounts of secret and not so secret money already created, what will happen to gold? Kirby says, “The price of gold will revalue itself once the carnage and the pieces are all on the ground and people around the globe realize the true enormity of the crimes that have been committed. The price of gold will revalue. It will revalue to a dramatically much higher price than we have been accustom to. That’s coming whether we like it or not. . . . We could see something like a real Roman candle in the price of gold. We could see the price do things we could have never ever imagined in the very near future. We are headed for a very, very serious round of inflation and probably a hyperinflation coming to the West. We will live to experience it, and this is baked into the cake. . . . The people in control of the U.S. dollar are very aware that this is coming too. This is why they are muscling up and talking more about gun control and putting in more pieces to implement a police state in America. They are very aware of what is coming.”
Join Greg Hunter as he goes One-on-One with gold expert and macroeconomic analyst Rob Kirby.
Bitcoin is Not a Safe Haven Peter Schiff on Fox Business 12/17/2018 See Also: (Peter Schiff) – 2019 Recession Means 2020 Socialism Fox Business Kennedy Show 12/17/2018 Also: (Peter Schiff) – Peter Schiff – Americans Are Going to be Impoverished Money manager Peter Schiff predicts, ““Americans...