"I see bubbles, I see bubbles, I see bubbles everywhere," Von Greyerz said. "I see it in stocks. I see it in bonds. I see it in the property market. I see it in the credit market and the derivatives market. I see it in government debt. I see it in central bank debt. I see it in most currencies."
At some point, investors will begin to wonder whether the paper money is really worth anything and that is when, whether you call them bubbles or not, the trend may reverse in a major fashion.
Finally someone in the know steps forward. Best of all, ABX is selling at 5 year lows.
Central banks are printing funny money like Madmen.
It's a race to the bottom for all currencies, including
the USD, even the Great British Pound is Debasing.
Ole king George is a rollin' in his grave. Everyone
wants to be like China, which experienced record
economic expansion and double-digit climb to the
Top of the World through blatant currency manipu-
lation. But rapid rise comes with a price. Have you
ever been to Beijing? The smog is thicker than pea
soup. Visibility 100m. Expansion at any cost. China
is Buying tons of Gold. What should You be doing?