2013-07-09kingworldnews.com

"It's interesting that every time we get a positive economic number the bond market shivers.  Similarly, when the Fed talks about tapering the bond market also tanks.  So technically the bond market is starting to look weaker and weaker.  The reality is that if the Fed wasn't in there supporting the bond market, the bond market would plunge and interest rates would rise.

Even with the Fed aggressively buying up bonds. interest rates are still rising.  The fact is that if anyone buys a bond they are at risk of a default or hyperinflation.  The bottom line is I think the bond market is in serious trouble and it will only get worse over time."

...

I agree with Marc Faber, who you just interviewed, and he said that all those who own financial assets are doomed. If that is the case, and I don't disagree with him, this is going to lead to an amazing move into the gold and silver space because they don't have counterparty risks.

Also, if you combined all of the physical gold and silver and gold and silver stocks in the world today, I don' think they would account for 1% of financial assets in the world. In previous bull markets they reached 5% to 10%. So consequently, once we start heading to the upside these assets, the surge in both the bullion and the shares is going to be massive.

The fact that current sentiment in the gold and silver space does not reflect this is almost amusing. This setup is really quite astounding."



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