In this interview, Brian and Darryl Panes from As Good As Gold Australia look at gold and silver’s surge over the last 6 weeks. Have both metals finally broken the shackles of the renowned manipulating forces?
We are indeed living in a world gone mad with no attention being paid to economic fundamentals.
One senses there will be a huge price to pay for doing so - there always is.
The FED has its back to the wall and is out of bullets!
If they don’t tackle inflation by raising interest rates, the bond market tanks.
If however, the FED tries to raise rates to save bonds, it kills the stock market and the property market. So where to from here?
Inflation is everywhere!
Food, energy, transport, property and cars - it’s everywhere! Or is it?
When these seemingly inflated prices are measured against gold, one draws a completely different conclusion - a startling and alarming comparison.
Finally, with the ongoing saga of Evergrande.
No economy has ever been able to ignore a property bubble or even offset it and continue to grow, replacing the bust of the real estate sector with other parts of the economy.
Will China be any different?
While government and central bank policies continue to support the destruction of FIAT currency, gold and silver remain your best form of protection against a rapidly failing economy.
Access it while you can. It’s never been more important to do so.