Greyerz: “Eric, this is a time when investors should really be concerned, and not because of the current correction in the gold price. What we are facing is an unprecedented situation with most sovereign states being bankrupt, and the banking system also being bankrupt.
But at the same time stock markets are at a high, and so many investors are happy. They are being led into having a false sense of security because they don’t understand that it’s the printed money that’s creating another asset bubble in the stock market.
Printed money is looking for a home and the stock market is the most obvious one. This asset bubble will lead to a disaster. The stock market is headed for a major long-term decline that will begin in 2013…
Read the complete article at King World News here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.