Previously by Gerald Celente: Recovery? How About ‘Relapse’?
Gerald Celente returns to GoldSeek Radio to discuss the global currency devaluation, rise in precious metal prices, and concern for the Great War.
We’re looking at a currency crises, says Celente, speaking about the Crash of 2010. In an effort to increase exports, countries are devaluing their currencies. Celente says the smart money is moving out of paper money and into gold.
Adjusted for inflation, gold should be selling for over $2,300 an ounce, Celente points out. He predicts the government will take draconian measures in the future to curtail gold sales. Celente expects intervention, in the form of restrictions or a peg, before gold reaches $5,000 an ounce.
Celente believes there’s going to be a bank holiday, triggered by something that causes a national emergency. We’re in the 1930s again and that’s the way we’re looking at it, he says. Unless the people stand up, Celente forecasts the US will enter the Greatest Depression followed by the Great War.
We want to stop this war before it happens. We want people to be aware. If the people wise up and stand up and learn enough, it doesn’t have to happen. The future is in your hands.
Gerald Celente is founder and director of The Trends Research Institute, author of Trends 2000 and Trend Tracking (Warner Books), and publisher of The Trends Journal. He has been forecasting trends since 1980, and recently called The Collapse of ’09.