Published on Mar 31, 2018
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In this report I go over Jim Rogers' latest interview with SilverDoctors where he says the gold price could drop back below $1000 as he sees financial turmoil ahead.
I look at what gold did during the last time of turmoil back in 2008 and also differentiate the difference between paper gold and physical gold and how very different they are.
I note how the gold price in 2008 topped right around the time that Bears Stearns collapsed and had to be bailed out by the Federal Reserve vis JP Morgan. From then on until the collapse of Lehman Brothers in September 2008 the system almost imploded as all the major Wall Street and European banks were on the brink of collapse.
The climate in 2008 led to liquidation of all paper assets as counter party risk was a major worry and investors were fleeing the financial system and that included paper or other derivatives of gold.
The point I make is that even if Jim Rogers could be correct would you really want to sell your physical gold and silver in time of financial turmoil and put your money into the financial system and expose yourself to massive counter party risk?
Billy T-Shirt: www.teespring.com/maneco64
BITCOIN: 1AkNoKzbZXJ75BbeGkD2ekUDJQNWDrBgMA
ETHEREUM: 0xfffd54e22263f13447032e3941729884e03f4d58 LITECOIN: LY6a8csmuQZyCsBZbLDTQMRuyLdsW9g2na
https://www.paypal.me/maneco64
https://www.patreon.com/user?u=3730528
In this report I go over Jim Rogers' latest interview with SilverDoctors where he says the gold price could drop back below $1000 as he sees financial turmoil ahead.
I look at what gold did during the last time of turmoil back in 2008 and also differentiate the difference between paper gold and physical gold and how very different they are.
I note how the gold price in 2008 topped right around the time that Bears Stearns collapsed and had to be bailed out by the Federal Reserve vis JP Morgan. From then on until the collapse of Lehman Brothers in September 2008 the system almost imploded as all the major Wall Street and European banks were on the brink of collapse.
The climate in 2008 led to liquidation of all paper assets as counter party risk was a major worry and investors were fleeing the financial system and that included paper or other derivatives of gold.
The point I make is that even if Jim Rogers could be correct would you really want to sell your physical gold and silver in time of financial turmoil and put your money into the financial system and expose yourself to massive counter party risk?
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