BLACK SWAN EVENT

IS AN ASSET THAT CONTINUES TO INCREASE IN VALUE OVER A LONG PERIOD OF TIME
GOLD HAS BEEN UP 12 CONSECUTIVE YEARS IN A ROW! NO OTHER ASSET HAS PERFORMED THAT WELL EVER AND IT IS NOT OVER NOW.

JAMES TURK KWN

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/3_Turk_-_A_Black_Swan_Event%2C_Global_Monetary_Reset_%26_Chaos.html

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Looking a year or two ahead, I expect to see a global monetary reset.  It will likely hit sometime between 2013-2015, with the result that governments will return to gold as the core component of monetary policy, and it will occur in one of two ways.  Either governments go back to gold through a well-reasoned plan, implemented over a few years, or they will go back to gold kicking and screaming.

I fear it will be the latter, which means there will be a lot of chaos ahead.  What has been lost in the discussions of the fiscal cliff is that government has become too big.  It has to shrink because the productive sector of the economy can no longer support the level of spending governments are pursuing.

Total government spending in the US, for example, is now a greater percentage of GDP than during World War II when the economy was on a war-footing.  But the situation is not much better elsewhere in the world. Governments everywhere have become too big. 

But rather than cut spending in order to reduce their footprint, monetary history shows that they always print money.  It is the easy political option, and invariably it is pursued until the money is destroyed.  Sadly, that is where the dollar and nearly all of the other national currencies are headed, and the best way to protect oneself and their family from this coming monetary debacle is to own physical gold and physical silver.

There is one lost point to make, Eric.  2012 ended just like 2011, with sentiment for the precious metals as well as the mining stocks at or near historic lows.  The first two months of 2012 were good ones, and I expect the same thing now.  So I expect a big rally in gold and silver - and probably the mining stocks too - is long overdue. 

Given the similarity of how 2011 and 2012 ended, I expect 2013 to begin the same way as 2012.  To put some numbers to it, in the first two months of 2012, gold rose over $200 and silver soared $10.  There is every reason to expect that the same thing will happen again this year.  So despite Thursday’s weakness, the metals will be seeing a tremendous surge in the next 60 days.”" JAMES TURK KWN

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/3_Turk_-_A_Black_Swan_Event%2C_Global_Monetary_Reset_%26_Chaos.html "