Bob Moriarty, founder of 321gold.com, fills audiences in on what's happening in the market this week.
The interest rates are going to blow the bond market sky-high and there are profound implications on the Western market.
Bob says:
We have unleashed the inflation genie, and there's no shoving it back in the bottle...
If you destroy the currency of the country, people will go to whatever is safest. In 1922, at the height of the hyperinflation in Germany, a US five-dollar gold piece or a quarter of an ounce of gold would buy you a nice apartment in Berlin. I think we're going to have the exact same situation again. People will go to gold not because they want to, but because they have to.
- Gold blasted higher by $60 Friday - could this be the genesis of the next bull leg, higher?
- Could the global, debt-based economic system be on the verge of implosion?
- TLT, the 30 year T-Bond, ETF, is off 55% amid the sharpest rate increase in a century.
- Will the Treasury market crash, 6x's the size of the stock market, crash the financial sector?
- Might the price of gold more than double from current levels?
- Uranium and related energy stocks pay solid dividends and may remain in a bull trend.
- Junior resource shares could soar severalfold in the coming years.
- Analysis of troubling geopolitical/miliary hotspots.