How to grow your wealth during the coming collapse?

146 THE BiG DROP banks to want to go back to some kind of gold standard? Obviously, it would take a collapse of confidence in pa ...

GOLD’S BULL MARKET ISN’T OVER 147 ever going to its final destination without a 50 percent retrace- ment, meaning even if you be ...

148 THE BiG DROP banker, and gold broker to the Bank of England. He said, “I only know of two men who really understand the true ...

GOLD’S BULL MARKET ISN’T OVER 149 in dollars. It is also true that the value of a dollar may change when measured in euros or ou ...

150 THE BiG DROP Throughout 2014 the gold price closely tracked the commodity index as might be expected. The price trend of bot ...

GOLD’S BULL MARKET ISN’T OVER 151 or a commodity, and started behaving like what it has always been — money. Late 2014 was a per ...

152 THE BiG DROP dollar-denominated debt. In the case of Russia, those assets consist of oil and natural gas, both of which are ...

GOLD’S BULL MARKET ISN’T OVER 153 But is something else going on; something that is not ap- parent in the data and for which the ...

154 THE BiG DROP or other assets. The United States doesn’t need other curren- cies. We print dollars, so why would we hold euro ...

GOLD’S BULL MARKET ISN’T OVER 155 economy’s only one-eighth as big. So, they have about the right amount of gold. U.S. gold rese ...

156 THE BiG DROP ■ What’s in it for the United States? China is our largest trading partner. It’s the second largest economy in ...

GOLD’S BULL MARKET ISN’T OVER 157 The point is that is that there is so much instability in the system with derivatives and leve ...

158 THE BiG DROP et cetera, which supports the paper transactions. The floating supply can be leased, it can be in a warehouse a ...

GOLD’S BULL MARKET ISN’T OVER 159 up, drive it down the street, drop it off with VIA MAT, and get a receipt. It’s the same four ...

160 THE BiG DROP We talked about that, and I said, “Well, that’s interesting, because your firm is calling for $1,000 gold. You’ ...

GOLD’S BULL MARKET ISN’T OVER 161 take the stock market down. Then that could start to blow out. From there, interest rates coul ...

162 THE BiG DROP gold mining stocks — for two reasons. Number one, stocks are very idiosyncratic. Gold is generic — it’s an elem ...

CHAPTER 10 The Best Way to Understand the Global Financial System ■ Backstory My background is fairly diverse or eclectic. Some ...

164 THE BiG DROP Over the course of my career, I made a move to investment banking and later made a move to hedge funds. In thos ...

THE BEST WAY TO UNDERSTAND THE GLOBAL FINANCIAL SYSTEM 165 If there was a middle of the middle class that’s what my family was w ...