Greg Hunter – Precious metals expert David Morgan says trillions of dollars of negative interest rate paying bonds is a sign we are getting close to another financial calamity bigger than the last.
Morgan explains, “Now, as everyone knows, we are even at negative interest rates, and people are buying into this. They are guaranteed to get less back. . . . This is the upside-down world we are living in. This is the scientific planet that is our reality. So, this is the reason you will see a run to the dollar before you see a run to gold. . . .
We are in the final step before another 1% of the population takes action into the precious metals. When the run starts, it won’t be because 90% of the population wakes up and says I need precious metals to protect my financial well-being. What will happen is another 1% will wake up and say I need precious metals to protect my financial well-being. That will double the market.
http://youtu.be/p5CUXp57Ces
The physical gold market is less than 1% of all financial assets, and the silver market is about .02% of all financial assets. So, it doesn’t take a big amount of new money to put the paper price at stratospheric levels, and that’s what will take place. When people don’t trust the dollar they are holding in their hands, when that happens, there will be a run into gold that will be in the financial record books. . . .