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April 10, 2024 | Jim Willie: 20 Solid Reasons For Gold Breakout

Golden Jackass is the site of numerous important mega-forecasts related to the degradation and destruction of the global financial system, the diverse forecasts range from the housing bust in 2007, the mortgage bond bust that followed, the insolvent US banking system, the Dubai debt bust, the Southern European sovereign bond bust, the USTreasury false rally, the extended QE to Infinity policy, and the spread between the COMEX gold price and the real world physical Price of Gold, next the Petro-Dollar demise and the Gold Trade Settlement platform arrival, with the new BRICS Gold Central Bank, and climax USGovt debt default.

The time has come to cite the many reasons why Gold has risen, and why Gold will continue to launch to much higher levels. The USGovt debt and USTreasury Bond default, in my opinion, deserve the lead factors along with powerful price inflation. These factors are not featured in the press. The Jackass has stated for the last five years, to impatient clients and frustrated colleagues, that the Gold price will not break above the $2000 mark with moment in a sustained manner until the USGovt debt is widely perceived to be on a crash course toward default. WE ARE THERE, as even the prestigious St Louis Fed has publicly gone on record to call the USGovt debt as unsustainable. The picture of default is being painted.

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April 10th, 2024

Posted In: Hat Trick Letter

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