Venezuela
is on the verge of chaos as President Maduro
faces a coup and perhaps even pressure from
US military forces.
Already over 3 million people have fled the
nation.
A
key method of transferring their wealth remains
gold and cryptos, underscoring the significance
of safe haven investing.
Some
pundits suggest caution as key BRICS nations
also seek maintain oil interests in the country
and surrounding nations.
Mr.
Celente fears most of S.A. could face implications
for the citizens in the region.
The duo concur that the Fed has finished the
QT rate hike cycle and will likely return to
monetary expansion / QE operations.
Last year the combined gold purchases of global
central banks reached an epic level.
The
Trend's Journal predicted the gold bottom at
$1,200, missing the mark by only 1%; the low
was $1,18.
The
duo agree that the price may never again test
the $1,185 level.
Gerald
Celente notes the bulk of US bullion may no
longer be present in the vaults of Ft. Knox,
the NY Fed and West Point. Chris's late father
guarded the gold vaults of Ft. Knox; he confirmed
gold was present in the 1960's, however over
50 years earlier.
The
US Fed halted QT operations 6 months in advance,
hinting in recent "Fed Speak" rhetoric
that QE operations could soon commence.
The
Fed could soon combat slowing global economic
conditions and the impact of the trade war
between the US and China.
Analysts
suggest this could lead to runaway inflation,
as the Fed's balance sheet was barely reduced
before new QE injections.
Monetary policymakers are pushing on a string,
their QE and rate cut operations are far less
effective.
This
point is revealed by the tiny reduction in
their balance sheet during the 10 year economic
miracle.
The
early end of the rate hike cycle is de facto
evidence that policymakers are loosing control
ahead of an inflationary collapse.
The
duo concur the opportunity the PMs share is
impressive.
Peter Schiff expects at least a 50% climb in
the price of gold that will launch the leveraged
gold shares into orbit.
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Guest
Bios
Peter
Schiff
Schiff
Gold
Peter
Schiff President & Chief Global Strategist
Peter is one of the few investment advisors
to have correctly called the current bear
market before it began and to have positioned
his clients accordingly. As a result of his
accurate forecasts of the mortgage meltdown,
credit crunch, and decoupling of commodities,
precious metals, and foreign markets from
the U.S. Dollar, he has become a sought-after
economic commentator on a range of investment
topics. Peter delivers lectures at major economic
and investment conferences, and is quoted
often in the print media, including the Wall
Street Journal, New York Times, L.A. Times,
Barrons, BusinessWeek, Time and Fortune.
His broadcast credits include regular guest
appearances on CNBC, Fox Business, CNN, MSNBC,
and Fox News Channel, as well as hosting a
weekly radio show. As an author, he has written
four best-selling books, including his latest:
" Crash Proof 2.0: How to Profit from
the Economic Collapse" and "How
an Economy Grows and Why It Crashes."
The
Martial Artist of Trend Forecasting The purpose
of trend forecasting is to provide insights and
directions in anticipation of what the future may
bring and to be prepared for the unexpected.
Gerald
Celente, a Close Combat practitioner and black
belt trainer, well understands the importance
of proacting rather than reacting: "The first
rule of Close Combat is to attack the attacker.
Action is faster than reaction. The same holds
true for the future. You know the future is coming
attack it before it attacks you."
Founder
of The Trends Research Institute in 1980, Gerald
Celente is a pioneer trend strategist. He is author
of the national bestseller Trends 2000 and Trend
Tracking (Warner Books) "Far better
than Megatrends," and publisher of the internationally
circulated Trends Journal newsletter.
Political
Atheist Gerald Celente is a political atheist.
Unencumbered by political dogma, rigid ideology
or conventional wisdom, Celente, whose motto is
"think for yourself," observes and analyzes
the current events forming future trends for what
they are not for the way he wants them
to be.
Like
a doctor giving a diagnosis after gathering the
facts, whether or not you like the prognosis doesnt
alter the outcome, make him an optimist or pessimist
its simply what is. And while Celente
holds a US passport, he considers himself a citizen
of the world.
Globalnomic®
Trend Forecaster Using his unique perspectives
on current events forming future trends, Gerald
Celente developed the Globalnomic® methodology
which is used to identify, track, forecast and
manage trends.
The
world's only trends analyst covering 300 diversified
trends fields, Gerald Celente and the Trends Research
Institute provide trend research studies and consulting
services to businesses and governments worldwide.
Celente also designed the nations first
professional course in trend forecasting.
The
proof is in his past Gerald Celente has
earned his reputation as "The most trusted
name in trends" by accurately forecasting
hundreds of social, business, consumer, environmental,
economic, political, entertainment, and technology
trends. Among them:
Celente coined the term "clean foods"
in 1993 and predicted sustained growth in organic
products in 1988.
When
gold was at $275 per ounce in 2002, Celente said
the price had bottomed and in 2004 forecast the
beginning of the "Gold Bull Run." Since
that time, with pinpoint accuracy, he said when,
why - and how high - gold would go. *youtube.com
recording.
Safe
haven assets are the investment
du jour amid record financial
volatility - Goldseek.com Radio
presents its new sponsor, Northern
Vertex Mining Corp. Americas
newest gold producer is focused
on low cost gold and silver
production and exploration in
the USA, at it's 100% owned
Moss Mine located in NW Arizona:
The
Northern Vertex Mining Corp. (NVM) team
has solid experience in every area of
operations, mine development, exploration,
acquisitions and financing of mining
projects.
The
NVM flagship Moss Mine is expected to
consolidate additional producing or
near-term production gold assets within
the Western US.
Through
mergers and acquisitions the NVM mission
includes reaching mid-tier gold producer
status at a rate of over 200,000 ounces
of
gold production annually.
To
find out more about Northern Vertex
Mining Corporation, listeners are
encouraged to direct their web browsers
to www.nothernvertex.com.
The
ticker symbol is NEE.v
and on the International Nasdaq OTC:
NHVCF.
The
Blockchain revolution is transforming
the global arena, disrupting every industry
in its path. Goldseek.com is excited
to introduce an off the chain opportunity
in digital gold and silver from our
friends at APMEX
and Sprott
Inc.
The
first online marketplace to offer
secure and convenient buying, selling
and redemption of digital PMs.
OneGold
uses VaultChain, a secure, immutable
blockchain ledger developed by Tradewind
Markets, the leading innovator in
digital precious metals distributed
ledger and blockchain technologies.
OneGold
digital gold and silver are 100% redeemable
through OneGold for delivery of physical
bullion to customers doors.
VaultChain
gold and silver are available for
purchases of any size and competitive
prices with low transaction and storage
costs.
OneGold.com
is secure and accessible 24/7 on any
device, offering convenient purchases
and sales of precious metals.
Easy
recurring transactions, makes passive
saving and dollar cost averaging the
gold price, as easy as a mouse click.
As
a special offer and for a limited
time only, OneGold is offering gold
and silver at spot price, with no
additional premiums.
VaultChain
sets the industry standard as a fully
backed physical asset, with easy redemption
in coins, rounds or bars offering
clients peace of mind and full transparency.
Blockchain
Conservation Imitative - Proof of Safe Tusk
(PoST)
The
host proposes a blockchain based, conservation
effort (PDF
Paper) to bring a stop to the cruel
and unnecessary ivory trade - if you know
someone who would like to get involved and
or support the effort, contact Chris at
gsr@hughes.net.
On
the cusp of a new year, season 14 of Goldseek.com
Radio, the head of The
Morgan Report rejoins the broadcast
with unique insights on the financial
markets.
Part II. - Peter Schiff &
Chris Waltzek Ph.D. - December 11th, 2018.