by Egon Von Greyerz, Gold Switzerland:
As the world is approaching the end of another failed monetary experiment, very few people are aware what lies ahead of them and therefore nobody is mentally or financially prepared for the massive shock that will hit the world.
Gold is now signalling to the few who follow the price of gold that there is trouble ahead. But since less than 0.5% of investors own gold, virtually no one understands this important signal. I have told our investors who are in precious metals that they shouldn’t wish for the gold price to go up because when it does, we will enter a phase in history which will be extremely unpleasant. And this is exactly what will happen next.