Trend forecaster Gerald Celente joins Jo Joyce on ABC Local Radio Australia to discuss trends in the US, New Zealand, Australia and around the world.
When we see countries like India buying up 200 tons of gold, what we’re looking for is a financial currency crisis. When will that happen? If it doesn’t happen before the end of 2009, we’re estimating that it will happen by the first quarter of 2010.
Yikes, that’s not a long time to prepare! I estimated we had at least a couple years before total SHTF, but it seems Mr. Celente is suggesting a currency crisis is much closer than we think. Hopefully Mr. Celente is wrong, but if not, expect precious metals assets to go through the roof. For those who still want to pick up some gold assets (i.e. Mac Slavo), let’s hope for a quick dollar rebound and a correction in gold stocks so we can pick up some of the gold companies mentioned here.
Who will be the winners in the future? Celente forecasts:
Self sustaining is the word. Countries that can trade within their own borders, build their own local economies and import as little as they can will be the ones that are on the forefront.
While Gerald Celente was referring to countries in the excerpt above, one can argue that on a community or individual level, the same may hold true.
Listen to Gerald Celente discussing 2010 trends: