– Gerald Celente Announces He’s Buying Silver (King World News, Sep. 23, 2011):
With gold down over $100 and silver down $5, today the man that many consider to be the top trends forecaster in the world, Gerald Celente, told King World News, “I’m now buying physical silver for the first time. One of my reasons is I am very concerned that when gold prices begin their upward ascent again, I believe the central banks and the governments are going to blame the gold people for the financial problems.”
“They have regulated the price of gold before, not that they will be able to do it, but I am concerned they will try something to regulate the supply (to the people) and the price of gold as the price eventually keeps going higher. Silver to me is not going to have that kind of regulation imposed upon it.
So I’m buying a position in silver against any future actions taken by the world governments to restrict the supply and the price of gold. They did it before in the US, they will do it again.”
I believe there are going to be bank holidays as well. I make sure I don’t have a lot of money in the banks, I have it in other places where I know I can get my hands on it because when they call a bank holiday there is going to be a devaluation of the currency, just as they did in Argentina, just as they did in the US back in 1933.
In 1933 the US, they forced people to sell their gold at $20.67 an ounce and then revalued it to $35, which meant you could by 40% less with your dollars the next day. I think that’s the kind of thing we are going to see in the future and that’s why I’m a precious metals holder.”
If Nostradamus were alive today, he’d have a hard time keeping up with Gerald Celente.
– New York Post
When CNN wants to know about the Top Trends, we ask Gerald Celente.
– CNN Headline News
There’s not a better trend forecaster than Gerald Celente. The man knows what he’s talking about.
Those who take their predictions seriously … consider the Trends Research Institute.
– The Wall Street Journal
A network of 25 experts whose range of specialties would rival many university faculties.
– The Economist