The principles of free-market economics, price discovery and fiscal discipline are dead. They have been replaced by central banks’ quantitative-easing money-pumping schemes and record low-interest policies. Both, by all measures, have artificially pumped up failed economies, boosted sagging equity markets and 

As a result of these policies, a global debt bubble, estimated at $225 trillion, has been inflated. When it bursts, economic chaos will prevail. Currencies will collapse. Thus, we forecast that gold, while in the doldrums now, will emerge as a safe-haven asset.

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