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Market Analyst: ‘There Is ONE Law Of Economics That Central Banks Will Never Be Able To Rewrite No Matter How Much They Manipulate Markets’
There is a great deal of uncertainty in the global economy. Nowhere has this been more apparent in 2016 than with precious metals, which saw a huge upswing in the early part of the year that drove some gold and silver mining companies to 500% increases. Over the last several weeks, however, the manipulators dumped billions of dollars in leveraged paper assets, which in turn led to a drop in prices that has left some wondering if the bull market in gold has stalled.
According to one of the world’s most renowned resource market analysts and top fund managers, the long trend for precious metals remains intact. In an interview with TF Metals, Marin Katusa says that despite the recent price drop, precious metals have significant upside in coming years because central banks have only one option left in their arsenals:
As the global economy slows… it means the only way most countries can stay competitive is to devalue their currencies… which is very bullish for gold… In a market of global negative interest rates… remember that one third of global bonds are negative… the laws of economics are being rewritten… but one law that won’t be rewritten is the thousands of years proof that gold is money.
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Source: http://www.thedailysheeple.com/market-analyst-there-is-one-law-of-economics-that-central-banks-will-never-be-able-to-rewrite-no-matter-how-much-they-manipulate-markets_102016
