On Saturday, the Group of 20 countries (G-20) will gather in Washington, D.C. to discuss the financial markets and the global economy.
But if you think these meetings are only about designing short-term fixes to the financial system and regulatory reforms for banks, hedge funds, brokers, mortgage companies and investment banks … think again!
Behind the scenes the possible revaluation of gold and the birth of an entirely new monetary system is being discussed.
Sound crazy? Maybe. But I’ve been studying this issue extensively all my life, and I would be very surprised if what I laid out this morning for my Money and Markets readers is not on the G-20’s table this weekend.
So I urge you to read my report on what I call “The G20’s Secret Debt Solution” to find out what this new financial architecture would look like, what it means for gold, and what you can do to prepare yourself for the possibility.
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{ 2 comments… read them below or add one }
Hi, Larry, impressive article. However, I don’t have your knowledge to understand about the scenario: (1) if central banks around the world agree on the new currencies, why do they NEED TO OFFER $10,000 to buy 1 oz of gold? (2) how
is the new currency gonna reduce the debt, and how will it, for example, change our mortgage payment, our income, etc? (3) lastly, I think you overestimated the intelligence of Bernanky and Paulson, they had no clues, and that’s why our country is in
such a BIG mess! Thank you, Larry.
I just had a few questions, that I’m hoping you could help me with. Where would you go to buy gold in Austin, Texas? Is buying shares in the gold mining companies an option? Would you be able to buy gold boullion through a
401k?