Chart usGOLD   Chart usSILVER  
Food for thought
In New York money is God and God is Money
Louis Henry Sullivan  
Search for :
Write Us
Add to Google
Search on Ebay :
Gold 1303.62-4.18
Silver 20.55-0.15
Platinum 1484.7510.48
Palladium 879.754.35
DOWJONES 16928-29
NASDAQ 4430-20
NIKKEI 1552972
ASX 5570-4
CAC 40 434514
DAX 9598-46
HUI 2420
XAU 1010
AUS $ 1.4286
CAN $ 1.4516
US $ 1.3437
GBP (£) 0.7911
Sw Fr 1.2146
YEN 136.8200
AUS $ 1.0632
CAN $ 1.0802
Euro 0.7442
GBP (£) 0.5887
Sw Fr 0.9038
YEN 101.8210
Gold / Silver63.44
Gold / Oil12.83
Dowjones / Gold12.99
Copper 3.240.00
WTI Oil 101.57-0.52
Nat. Gas 3.76-0.02
Market Indices
Metal Prices
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Doug Casey: There will be a panic into Gold and a Huge Change of Ownership Over Global Resources
Published : November 05th, 2012
402 words - Reading time : 1 - 1 minutes
( 0 vote, 0/5 ) Print article
Keywords :   China | Collapse | Europe | Global | Gold | Government | Japan | Panic |





International man and well known investment strategist Doug Casey warns that the world’s economic, financial and monetary systems have passed the point of no return and a change of ownership over global resources will soon take place.


At the 2012 Investment Conference in New Orleans, Casey explains why neither Presidential candidate will change anything, where the real wealth in the world is found, why gold is a must-own survival asset, and what to expect next:


We’re going to go through a really, really rough spot starting anytime between tomorrow morning and the next year.


We’re exiting the eye of the hurricane where we’ve been in since 2007… We’re going into the trailing edge of the hurricane, it’s going to last a long time, and it’s going to be very, very severe.



All the real wealth in the world – the skills in peoples’ hands, the knowledge in their minds, the factories, the farmsthat’s all going to be here. It’s not going to go away.


It’s just the financial system, the economic system that’s going to collapse.


There’s going to be a huge change of ownership for those things, which is going to be very unpleasant and inconvenient for a lot of people.



It is beyond the point of no return as far as I am concerned for Europe, and for Japan, and the U.S., and China – all the developed economies, quite frankly.



Gold remains the only financial asset that’s not simultaneously somebody else’s liability.


All of these governments all over the world are printing up trillions of currency units and they’re accelerating the pace of doing so.


There’s going to be a panic into gold. There’s going to be a mania in gold. There’s going to be a bubble in gold in the future.


Even though, as we speak now, it’s at $1700, it’s no longer cheap, but it’s going a lot higher


We’re looking at the biggest economic upset since the industrial revolution.


…[Predicting the price] is crystal ball gazing; it depends on how stupid the government is and how out of line the mob psychology becomes.


But, by the time this comes to a peak I wouldn’t be surprised – in real terms, today’s dollars – to see the equivalent of $5000 per ounce.


Of course, that may be 10 or 15 considering how badly they’re going to inflate the currency


Watch Doug Casey:








Thanks to Mac Slavo from
Data and Statistics for these countries : China | Japan | All
Gold and Silver Prices for these countries : China | Japan | All
Rate :Average note :0 (0 vote)View Top rated
Previous article by
Mac Slavo
All articles by
Mac Slavo
Next article by
Mac Slavo
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Mac Slavo

Mac Slavo is the editor of
Mac Slavo ArchiveWebsite
Most recent articles by Mac Slavo
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
Sign in
User : Password : Login
Sign In Forgot password?
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.