About.me.Finance- Buy Gold and Silver for Profit
King World News was having a fireside Chat with Billionaire
Frank Giustra about the scenario that "Silver" will reach US$ 500 and "Gold" to
reach US$ 10,000. Here in Switzerland, something amazing is happening right
now. They came out of "Gold" initiative which we discussed the blog before
because this will make the Swiss Franc much strong. Hence, this will have a bad
effect in the economy i.e., due to strong currency people will lose the Job.
The Swiss Franc has been appreciating and coming near to 1.20 pegs
with Euro. The Finance Minister fears that it will break the peg, so they
initiated Negative 0.25% Interest Rate. Apart from that they started buying
unlimited amount of Euros too. Switzerland today had abandoned Swiss Franc and
joined Euro and whole European Economy is governed from Brussels.
Swiss Economy is much stronger than other European Compatriots.
So will be its currency, if they have one. So a massive Money printing process
is taking place and Swiss Franc will be taking the role of Euro if the peg
breaks. To defend the peg, they have to print Billions and Billions or more
Swiss Franc. This will make their balance sheet weak and the whole banking
system will be in trouble. Apart from that their derivative exposure will be
more and banking system is working more than 7 times of Gross Domestic Product
[GDP]. So, Swiss banking system is fragile too.
JP Morgan has almost US$ 100 Trillion of Derivatives, Deutsche
Bank with 50 times of leverage with normal banking revenue, Swiss Bank too has
got enough leverage is same all over the world. With the Domino effect, if few
banks are having the problem means all the banks are considered to be unsafe.
It will be important that how fast investors get out of these types of
system. Here Gold and Silver will come
to play and keep investors money safe. From here Gold will reach US$ 10,000 and
Silver US$ 500 as minimum targets.
From KWN interview with Eric, told that who really owns the
"Gold". The Gold actually comes from the bank means it is naturally owned by
Central Bank of that country. If you keep Gold in the bank means one day bank
can claim this "Gold" and keep it for them. That’s the best that you buy it from
the refinery as freshly minted one and it can’t be traced by the Central Banks.
So if you buy/keep in Banks, Central Banks can claim that Gold and provide you
an “IOU” certification. So keep it out of the system and Buy Gold and "Silver" to claim your profit.
Comments