Friday , 28 October 2016

Potential for Serious Crisis Exists – Here’s How To Protect Your Wealth

For a host of disparate reasons – ranging from geopolitical tensions and currency wars to gargantuan unpayable debt and other macro-economic fundamentals – we believe the entire interconnected global economic, financial and monetary systems to be extremely fragile.

It seems certain to us that, at some point, policy makers’ ability to control the outcome of a particular shock will be wanting. History shows that crises usually spring from seemingly minor events. A correction in the stock markets – should it occur – may turn out to be a “cleansing” but it may also precipitate a larger, unforeseen crisis given the fragile state of the system.

Given the potential for such a serious crisis – and given the insane levels of debt now extant across the globe – physical gold stored outside of the banking system will perform its time-honored function of protecting wealth.

So concludes Mark O’Byrne in an article entitled It’s Time To Hold More Cash And Buy Gold (read the original unedited article in its entirety HERE) in reference to a note the Bank of America recently sent to clients in which it advised holding gold and paper currency at this time.

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Related Articles from the munKNEE Vault:

1. Another Global Financial Crisis Is Coming – the Question Is When, Not If!

The attempt to solve what was essentially a global debt crisis with mountains of more debt means we will have another global financial crisis – the question is when rather than if – and this will have an impact on our economic recovery and on asset prices and hence the importance of diversification in terms of geography and where and how they are owned. Read More »

2. Head’s Up! A Perfect “Financial” Storm May Be Developing

In the financial world at this very moment, we have 8 different “weather systems” that are all developing in real time. If several of the more powerful components were to converge – and reinforce each other – then we could very rapidly reach the point of greatest financial instability that the world has seen since 2008. Read More »

3. Central Bank Actions Guarantee A Financial Crash Landing – Here’s Why

As we tip-toe near the edge of the third central bank generated financial bust of this century, there is absolutely no way of stopping the crash landing just ahead. Why? Because the central banks are so caught up in their own self-justifying group think that they are utterly incapable of seeing the massive financial derangement all about them – a casino that is blindly impelled to churn the secondary capital markets and inflate the price of existing assets to higher and higher levels until they ultimately roll-over under their own weight. Let me explain. Read More »