Gerald Celente says four words killed capitalism: “Too big to fail.”
He says the central banks should have already failed, but governments hold them up and suppress gold prices to prop up the valuation of the fiat monetary supply, and this is done to boost big bank profits. Who cares what happens to the little people, like you and me?
Celente says that, by using quantitative easing (i.e. pumping huge amounts of extra money into the market) and keeping interest rates artificially low, central banks are attempting to boost the perceived strength of fiat monies and artificially suppress gold prices so that people do not make the natural choice to change to something that has intrinsic value.
He goes on to say, “It is not in the best interests of the central banks to wake up the people who have been saying: ‘look, we’ve been printing all this digital money backed by nothing, printed on nothing[…]” He also says that gold should actually be at $2,000 per ounce.
Celente says that he thinks gold will be better than equity markets in 2015. We think his advice is worth considering.