Gregory Mannarino is talking about the gold reset to $US10000/ounce. What he's referring to is Jim Rickards revaluation of the U.S. dollar gold price.
Summary:
- Governments collectively buy gold and devalue the currency
- GDP will go up as money flows through the economy
- Stocks will go up
- Debt will stay the same
- Debt to GDP will go down
- Money velocity will go up and push up bond yields
- Cash and bonds will be worthless in inflationary environment
- Debtors, stocks and gold will win in inflationary environment
The reset is happening already. Evidence can be found in the gold price in SDR's, which is a basket of currencies representing the current situation globally.
As you can see, the gold price is now moving up in 2019 against all the currencies in the world (represented by the SDR).
Summary:
- Governments collectively buy gold and devalue the currency
- GDP will go up as money flows through the economy
- Stocks will go up
- Debt will stay the same
- Debt to GDP will go down
- Money velocity will go up and push up bond yields
- Cash and bonds will be worthless in inflationary environment
- Debtors, stocks and gold will win in inflationary environment
The reset is happening already. Evidence can be found in the gold price in SDR's, which is a basket of currencies representing the current situation globally.
As you can see, the gold price is now moving up in 2019 against all the currencies in the world (represented by the SDR).
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