AS DOMINOES FALL, GOLD WILL STAND STRONGER THAN EVER, by Egon von Greyerz

The West has nothing going for it right now. Precious metals look like the best insurance against the wheels falling off completely. From Egon von Greyerz at vongreyerz.gold:

At the end of a monetary era a number of dominoes will keep falling, initially gradually and then suddenly as Hemingway explained when asked how you go bankrupt.

Some of the important dominoes the world will see falling are: Political, Geopolitical, Currency, Debt and Investment Assets.

The consequences will be unthinkable – Social Unrest, War, Hyperinflation, Deflationary Implosion of Assets, Debt Defaults and much more.

But when things settle down, there will also be offsetting forces such as the emergence of powerful BRICS nations often backed by commodities.

Gold will play a major role during this process. Both central banks, sovereign wealth funds and investors will turn to gold as the most stable part of a crumbling system. This will lead to a fundamental revaluation of gold. As more gold cannot be produced, increased demand can only be satisfied by higher prices.

The likely result will be a revaluation of gold by multiples.

FALL OF THE LEADERSHIP DOMINO

Inept leaders and lack of statesmen are the typical prerequisites for these periods and thus one of the falling dominoes.

I have always argued that a country gets the leaders it deserves.

As we get to the end of one of the worst periods in history, both financially and morally, weak leadership exists in most major Western economies.

So, let’s look at the motley crew of world leaders and their unpopularity.

Political leaders will not only be thrown out at elections but also before their period is finished.

The recent European election is a typical example of a failed system. Most ruling parties are being rejected and in many cases parties on the right gain popularity.

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One response to “AS DOMINOES FALL, GOLD WILL STAND STRONGER THAN EVER, by Egon von Greyerz

  1. Ahh…the old altruism weak times lead to hard men. (rimshot)

    Lovin’ this meme of Lil’ Kim and Vlad burning out in the Ford truck on the rainbow bathhouse shrine.

    Ennio Morricone The Ecstasy Of Gold is good everywhere but once played it on a mountain in Colorado that Bro called God’s Driveway and I had something in my eye that day.

    Terry Crews and Kim Wilkins (Sweet Brown) could do a better job than what we have now as they aren’t out to burn it all down better.

    Regarding those put your weed in it legal states, reading that the cartels took over the black market and will get ruthless with anyone trying to tread on their territory with no mercy, including legal tax, fee, permit, outlets.

    The wizards of smart never think past filling in the coloring book outline as there is no middleman, no tax/fees, no cameras in the parking lot, on the Black Market, and in a legal state…you can just grow your own.

    Stupid times lead to burning it all down better.

    Breaking from The Ennio Morricone Orchestra:

    The Ecstasy Of Gold

    Like

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