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Business/Finance See other Business/Finance Articles Title: “G-DAY” The Day Stocks, Bonds And Bank Accounts Could Head Towards ZERO “G-DAY” The Day Stocks, Bonds And Bank Accounts Could Head Towards ZERO Potentially Sending Gold Prices Haywire… To as much as $14,454 per Ounce (Or More) **Warning: The following presentation contains controversial content** Dear Reader, Jim Rickards here… And I call it “G-Day.” Others will call it the most paralyzing financial event in America’s financial history. No matter what you call it, know this... This event could be barreling towards us… And it could arrive as soon as June 15, 2016. That’s my best estimate of how quickly this could happen. When it happens, you won’t hear any bells go off. And you won’t hear about anything in the nightly news… until it’s too late. But that’s when a true financial reckoning will begin. Imagine waking up to… Long lines and “closed” signs at your local bank… 401k freezes…. IRA’s held hostage… A true “cash crisis”… money will be hard to get, and quickly worth much less… Social Security cuts – and lines forming at local offices… A drop in the stock and bond market that makes 2008 look like a fire drill… Special taxes, capital controls and weird fees – the government’s way to control EVERY part of your wealth… Bank “Bail Ins” on the nightly news… Soaring gold prices, which could eventually hit $14,000 or more per ounce... The whole financial system could seize-up and shut down, overnight. But, this is important… A true monetary collapse doesn’t mean the end of the world. Zombies won’t be coming for your family… You won’t have to eat cat food… And in fact, I’m going to show you how to flip the tables, and use this coming event to potentially make a rare fortune during times of crisis. But know this… When G-day strikes… The global elite will use the crisis to completely REWRITE the rules of the game. This will be a devastating time for a majority of Americans. Similar to the gold confiscation of 1933… And the beginning of the inflation era in 1971… I see a similar – but more drastic -- situation unfolding in 2016. This Is What I Warned About In The Death Of Money, Currency Wars, and The New Case For Gold. For years I’ve warned readers of a coming collapse of the world’s monetary system… You may have read about it in my bestselling book The Death Of Money… Description You may have seen the battle lines drawn in my book Currency Wars… Description Today however, I just received vital information that proves “the big one” may finally be here… This is even more urgent than what I shared in my new book, The New Case For Gold… This will all lead to what I call “G-Day.” And we’re seeing this unfold right in front of our eyes... Introducing: “G-Day” The Day The World Runs Out Of Physical Gold Sooner than anyone expects, I believe we’re going to see a MASSIVE run on physical gold. This is what I mean when I say, “G-day.” It’s the day when the “full faith” in paper currency is lost. The day that economies and financial markets are in turmoil… The day when bank accounts falter… The day when you, me and EVERY global citizen runs for the exits… Gold demand will explode. You’ll want gold, but when G-day hits, you may not be able to get gold… or afford it. Your local dealer will be sold out or backordered. The price of gold could go up more than $100 an ounce per day…. Or more than $1,000 per ounce per week. That is what a buying panic looks like. This is “G-day.” And it’s only a matter of time before it happens. It’s not if, but when. And listen closely, because I can tell you this… We’re Already Seeing A “Stealth” Run On Gold… Imagine a theatre full of people… If one person screams and runs out of the theatre the other 250 people may not react much. They may write it off as an outlier event. That’s how our brains are programmed. However, what happens when 10 people run out? Or what about 60 people screaming and running out of the theater? Well, right now we’re seeing the first people run out of the burning currency theater… And run INTO the safety of physical gold. Take a look at this chart… You’re looking at two lines. The top “gold” line represents the physical supply of gold at the COMEX warehouse (this is where gold is stored for the commodities market.) As you can see the amount of gold stored has dropped considerably in the past 12 months. But more important is the “black” line. See that super spike to the right hand side of the chart? That’s the “owners per ounce” of gold. Right now there are over 500 owners for each ounce of gold stored at the COMEX warehouse. Description This is an unprecedented event. During a recent interview with Fortune, I talked about the physical gold market being leveraged 100 to 1…. We’ll, it’s even worse than I could have imagined. The commodities exchange is leveraged over 500/1. That means if 500 folks show up at the COMEX to collect their physical gold, 499 of them will walk away with nothing. This is exactly why you want to hold physical gold. And it’s exactly why gold could soon head to… $14,454 Per Ounce If you’ve been following my work then you know I believe gold will soon reach $10,000 per ounce. The math is simple... A world-wide hard asset currency with just a modest 40% gold backing would mean that gold would instantly be revalued at $10,000 per ounce. However, it could be much higher. Soon, when the monetary system collapses, the global deep state could finally make a BOLD move to change the rules of the game. Similar to the Bretton Woods agreement… Or the global “bail-out” packages since 2008… Only this time around there will be one more vital piece of the puzzle…GOLD. That’s right… I believe central bankers and the U.S. Government could use gold to help regain faith in paper currency. When they do, gold will head much higher. A recent calculation I did including just the central bankers from the U.S., Europe, China, Japan and the UK shows that gold could quickly shoot to $14,454 per ounce. So you see, the price of gold could soon skyrocket to $10,000 per ounce or more! That’s why I normally recommend that every single American put 10% of their net worth into gold bullion -- in the form of the coins you’re looking at on your screen right now… DescriptionDescription Owning these coins is the single best thing you can do to protect yourself from a full currency collapse. But here’s the thing… Right now I’m pounding the table… ** Urging you NOT to buy another oz. of gold until you read what I have to say next in full ** Post Comment Private Reply Ignore Thread
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