Gerald Celente Goud-Portal.nl interview 14th Jan 2011 Trends Journal: www.trendsresearch.com Twitter: twitter.com
14 Jan 2011 Subscribe to the Trends Journal today …
Gerald Celente Goud-Portal.nl interview 14th Jan 2011 Trends Journal: www.trendsresearch.com Twitter: twitter.com
14 Jan 2011 Subscribe to the Trends Journal today …
I’m Canadian from Edmonton Alberta. Like to thank you for being a real humane being Gerald, not many of you around.
I wanted to let you know a few things about gold I’ve learned over the past 3 years.
Gold’s greatest use is as the world’s barameter.
It accurately reflects the inheirent inflation in all countries in all currencies and in all goods and services.
Even though the US dollar has lost more than 75% against the swiss franc the swiss franc has lost 87% against gold from 2002 to the present.
This is why gold (and silver) is THE only real money because you need to bounce something of true intrinsic value against things that constantly lose their value; fiat currencies.
But when you have big commercial banks that keep the price of both gold and silver artificially down for decades in order to make things appear less inflated you end up with a tightly wound up gold and silver price that does in no way shape or form represent anything close to a real price.
Simply put 1400 gold is peanuts.
All US dollars divided by all the gold ounces above ground world wide would make gold 15,000 dollars an ounce.
All US dollars divided by the gold ounces the US owns would make gold worth 58,800 an ounce.
Intrestingly there is currently about 1 billion ounces of silver above ground in all forms and five times that amount in gold.
What would that make silver?
Whatever is under priced is over consumed.
For the past 60 years we have consumed the entire silver reserve stockpile (10 billion) that exsisted above ground that was mined over the last 5000 years. It’s all gone.
We need to discover 900 million ounces of silver each year just to keep the 10.4 years of silver reserves in the ground that we have left.
Where will silver be in 10.4 years?
Extinct!!
Thank You Gerald Celente for trying to educate & warn the people who want to be in the know. I am afraid the masses just don’t understand it and will never get it like a deer in the headlights until it is too late. Follow the price of a barrel of oil and you will know whats coming too.
Keep up the good works.
How do we know when collapse could come? People have predicted the collapse of the US economy for a long time. This has been especially true ever since the 1970’s when we abandoned the gold standard under Nixon. It is evident that those making the rules are screwing everything up. Our economy is in the most severe crisis it has ever faced and the only solution is to shovel trillions of dollars to millionaires and billionaires while we continue to print money out of thin air to pay our debts. This is obviously a toxic recipe that has an end point. It clearly can’t go on like this forever.
I always wonder about the economic elites ability to keep the charade going. I believe they will go to unimaginable depths to preserve this disgusting system at all costs. What I am trying to say is that in 2008 when the crisis began to become news it appeared that the Capitalist system as we know it was on the brink of a complete overhaul. Even corporate clowns like Gordon Brown declared the “end of the Washington Consensus”. Flash forward a year or so and now we are back to “free market solutions” to all of our problems as if that is a tried and true method of success. Long story short, nothing has changed. The economy is worse and we are hearing Orwellian terms like “jobless recovery”. Just when it seemed like the bankers would be forced to alter their rules they have enhanced their power and Western style “capitalism” is just as politically powerful as it was five years ago. There is this artificial aura of normalcy to the whole situation that continues to confuse me.
That is why I hope someone could help me to better understand how long the charade of a functional economy can continue considering the things that are being done behind the scenes (they even tell us about their own malfeasance). When will we know the bottom is falling out in the catastrophic manner that so many seem to predict?
What is the alternative energy source you were speaking about in this and earlier broadcasts?
I also would like the answer to the question that Jason Craig is asking.
Hello,
I was just wondering if it will matter if I am debt free when this greatest depression occurs. If I were to be in serious debt and money is worthless, what would that mean? Does it pay to be debt free?
You mentioned the Glass Steagal act in one of your interviews. This is something that made me a fan of yours. Fixed exchange rates in currency and commercial bank loans is something that the majority of U.S. Citizens do not understand. A public works mega project that would employ 3 to 4 million people such as the NAWAPA project (North American Water Alliance Project Agency) is the only sane solution i’ve heard from anyone in the political scene. There is no more time for debate.
gerald your a gem, what more can i say
The average person today is exhausted from jobs/careers and with others laid off, those still employed are forced to do the work of 2 or 3 people. The boundries between business/work and personal lives continue to be blurred. Rare anymore, in many business disciplines, to be able to look forward to “after hours,” evenings with the family (with no blackberry or laptop close at hand), or weekends without the ongoing intrusion of employers. Non-stop communications, unending assignments, deadlines, demands. Children, relationships and marraiges suffering and diminishing in quality. Average individuals haven’t time or energy to pay close attention beyond a 1 or 2-min, high-level overview delivered by a media talking head.
Increasing law enforcement cut-backs and layoffs at the local levels only add to it all.
Gerald, your quality trending will unfortunately no doubt continue to be right on the mark.
I believe Perry Stone ministries, Grant Jeffries and all the ads at apmex for gold and silver. If we cant afford gold would silver be better right now?? How much will be needed to buy gas, bread and necessities??? Will we be able to pay our rent in silver or gold? WIll our landlord accept this, how much will the dollar be worth 50%, or 75%??? How will social security pay our retirements if not in dollars?????? I am a baby boomer turning 63 and am living on social security in retirement complex.