The Power Of Gold & An Economic Collapse

Gerald Celente: “That’s what he (Bernanke) said, ‘Nobody understands gold prices.’  He also called gold, I love this one, ‘An unusual asset.’  And he said that some people see gold as ‘disaster insurance.’  Yes, disaster insurance against what people like him and other central bankers are doing -- creating a global disaster by printing all of this digital money....

“When you go back and listen to Bernanke, when Ron Paul was a member of the House (of Representatives) and was questioning him and Ron Paul asked him, ‘Is gold money?’  And Bernanke said, ‘No, it’s a precious metal.’ 

So here’s what I have to say:
  You better tell the Iranians.  (And you better tell) the Turks and the Chinese that are buying Iranian oil and giving Iran gold that they are really not giving them (Iran) anything of value, (that instead) it’s only ‘an unusual asset’ (laughter ensues).  So they (the Iranians) are selling oil for unusual assets (laughter).

When the money stops pumping, the economy gets off life support and it begins to die.  That’s why I’m still a believer in gold, and I’m holding onto it for the long-term ... What’s the upside of gold?  I still see $2,000+.” Full audio interview at KWN

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2013/7/21_Gerald_Celente.html