Despite the coordinated efforts of the PTB to cap the price, gold has still ascended about 10% in 2017.
Their efforts are in vain as the price of gold will inevitably reach its intrinsic value, north of $2,000.
The gold revival could be abrupt as investors scramble to procure the metal at almost any price.
Peter Schiff expects the nascent gold bull market hinges on a shift in Fed policy to rate cuts and renewed QE4. Home ownership remains near 60 year lows; the housing market is approaching Bubble 2.0 levels.
Commercial real estate is also in jeopardy due to excessive vacant space amid a "Retail Apocalypse." Peter Schiff calls for lower government oversight / regulation to reduce the burden of employment.
US educators are encouraged to implement an apprenticeship program.
Peter Schiff cautions investors to avoid paper gold contracts - gold bullion presents the best opportunity for wealth preservation.
In Part I of this riveting discussion with global financier, Martin Armstrong ofArmstrong Economics, discusses his two upcoming seminars.
The Forecaster was one of the few to correctly anticipate the runaway bull market in US equities.
He is calling for 23,000 Dow and if that is eclipsed, perhaps a parabolic move as the general public lost its appetite for shares during the 2009 crash.
Our guest expects the European Central Bank (ECB) to file for bankruptcy protection, culminating with higher rates.
According to his capital flow analysis, he presents contingency plans for investors to shield their portfolios from the onslaught, including gold.
The sea change event will facilitate the Internet of Things (IoT), encourage artificial intelligence and lead to breakthroughs not yet anticipated by even top notch SciFi writers (figure 1.1).
Peter Schiff President & Chief Global Strategist Peter is one of the few investment advisors to have correctly called the current bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts of the mortgage meltdown, credit crunch, and decoupling of commodities, precious metals, and foreign markets from the U.S. Dollar, he has become a sought-after economic commentator on a range of investment topics. Peter delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, L.A. Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting a weekly radio show. As an author, he has written four best-selling books, including his latest: " Crash Proof 2.0: How to Profit from the Economic Collapse" and "How an Economy Grows and Why It Crashes."
Martin Armstrong was once a US based trillion dollar financial advisor, developed a computer model based on the number pi and other cyclical theories to predict economic turning points with eerie accuracy. In the early 80s he established his financial forecasting and advising company Princeton Economics. His forecasts were in great demand worldwide. As Armstrong's recognition grew, prominent New York bankers invited him to join "the club" to aid them in market manipulation. Martin repeatedly refused. Later that same year (1999) the FBI stormed his offices confiscating his computer model and accusing him of a 3 billion dollar Ponzi scheme. Was it an attempt to silence him and to prevent him from initiating a public discourse on the real Ponzi Scheme of debts that the world has been building up for decades? Armstrong predicts that a sovereign debt crisis will start to unfold on a global level after October 1, 2015 - a major pi turning point that his computer model forecasted many years ago.
Starting at a very young age, Martin Armstrong displayed an entrepreneurial spirit and an analytical ability that were far too complicated for others. As a child he was already collecting coins, and before long he would be trading in gold. As an adult, he started the company Princeton Economics International. Based on a self-designed model, in which the mysterious number Pi plays an intrinsic role, he was able to calculate developments in the world economy. His predictions about stock crises or currency problems were eerily accurate, and he built up a clientele that consisted of powerful players in the global economy.
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