The Most Gigantic Wealth Destruction
King World News with Egon von Greyerz
November 27 2015
In a King World News article of November 27, Egon covers the following topics:
Stock markets worldwide are now in the final stages of a secular bull market. Bulls of this magnitude are not killed off easily, especially when they are being fed with paper. Thus we could see the current strong trend in markets continue for yet a few weeks. But once the bear trend starts in earnest stocks could fall 75-95% in real terms over the next few years.
At the same time gold will resume its long term uptrend in 2016. Thus in order to preserve wealth for coming years, investors should exit the stock market and hold gold and some silver. Gold could easily gain 1,000% in the next few years as stock crash.
Desperate central banks will try to save the world by printing unlimited amounts of paper but they will fail.