Gerald Celente On The Gold Bubble and Confiscation

They talk about the role of fiat money in creating our economic problems. Gerald Celente explains that he has been looking at gold since the beginning of the bull market, he missed the low of 250$ per ounce by only 25$. They talk about 1987, the bubble of the 1990s and the money printing that caused it. They talk about the lowering of interest rates after 2001. Gerald calls it cheap money: ‘the more you print the cheaper it gets’. He says that digital dollars are not worth the paper that they are not printed on. They talk about the panic of 2008 and how every central bank started printing massively to “keep the Ponzi scheme going”.

They talk about gold and whether it’s currently in a bubble, Gerald makes fun of predictions by those that failed to see of anything that’s happening now. He explains that the world economy is much larger now than in the 1980s and that the participation of China, India and the entire Eastern Europe this time around make this a completely different game. Societies that have been around for some time know the value of gold and understand the devaluation of paper currencies.

They talk about how modern portfolio theory classes gold as a “risk” asset. They talk about the disdain for gold in mainstream financial circles and how gold buyers are disparaged and called names. Gerald talks about how gold saved him in times of trouble.

They discuss the 1930s and gold revaluation and confiscation, they also talk about Argentina’s “Corralito” in 2001. They talk about bank holidays and how gold served as protection against a collapse of the banking system.

 

2 comments to Gerald Celente On The Gold Bubble and Confiscation

  • Gareth

    Interesting interview. I’m reading the latest trends journal at the mo…it’s a good read.

    Oh, and only 1% of people in Britain speak with that accent by-the-way. It’s RP – received pronunciation – a regionless accent.

    I struggle understanding people in other regions at times. Accents are strong and highly varied here.

  • lastmanstanding

    Only had time to listen to the first half of the interview…Calente is spot on. i lived thru all of veitnam, watergate (smoke screen for the elimination of the gold standard imo), the carter pussyification of the US and in retrospect the things he said were sobering…

    Willl watch the rest tonight. For now I’ve got to do the slave thing but today I’m off-setting it with a huge pm purchase…

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