If you want to hedge against a financial crisis and a banking system collapse, your best bet might be a completely alternative financial system — bitcoin.
A year from now, investors could be talking about Deutsche Bank [FRA:DBK] in the same way that they talk about Lehman Brothers in 2008.
If another financial crisis hits in the months ahead, similar to 2008, the best speculative gold stocks can still outperform.
Gold producers and developers could see some good gains in the weeks ahead, as they are extremely leveraged to the gold price.
Goodfriend’s focus was to promote ‘unencumbered’ negative interest rate policy, which means getting rid of things standing in your way.
Today, let’s focus on Greece. Why? Because the country is one — of many — factors affecting the gold price.
The question is, with gold having now pulled back 3.78% from the July high, what’s next? Should you lock in your gains, or have a punt?
Inflation can really spin out of control very quickly. So is double-digit inflation rate within the next five years in the future?
Everyone believes the gold market has reversed direction. The bull market of the last 14 years has finally ended. It’s all downhill from here, they say.
No central banker would ever willingly choose to go back on a gold standard. But in a scenario where there’s a total loss in confidence, they’ll likely have to go back to a gold standard.