"...Looking at the US, the hopes in the United States because of the strong stock market, which is just a result of money printing, are totally misplaced. The real US economy for ordinary people is doing very badly. In 2013, federal debt in the US went up by $900 billion, almost one trillion dollars.

But in the period of October - December 2013, the debt went up by over $600 billion. So if we annualize that figure, it would be a staggering $2.4 trillion. Of course there was some catch up because of the debt ceiling problems, but the pressure is massive. The debt in the US is set to explode in 2014 as well as in the coming years.

On top of that the Fed printed another trillion dollars last year, and as I’ve already said, QE is likely to explode in 2014. Also, a lot of economic figures in the US are coming in below expectations, whether it’s retail or bank profits. And real unemployment is deteriorating. Continuous unemployment claims are now 3 million, which is the highest level in six months.

The number of working Americans without a job is up 10 million under the current administration, from 90 million to 100 million -- 100 million Americans are now without a job. These numbers are shocking. If you take the last report, 347,000 workers left the workforce in December, and this was against the phony 74,000 jobs created.

So the whole unemployment situation in the US is very serious. Of course the 6.7% officially reported figure is preposterous. The real unemployment is over 23%. I won’t get into the details today, but if we look at the situation in Europe it is worse today than it was in 2008.

Turning to gold, we all know it’s massively manipulated. The top German regulator just stated that the manipulation of metals is worse than LIBOR. If we add to that the fact that the Western central banks have none or very little of their gold left, and the fact that LBMA banks and the Comex don’t have a fraction of physical to fulfill paper gold commitments, we know that this will end very badly for paper holders of gold.

I would expect to see an event or a panic in the gold market in 2014. This panic will take gold to over $2,000 this year, but that’s just the beginning. As all of the problems I’ve outlined today unfold, we will see massively higher gold prices in coming years.

I hear that a lot of people are waiting to buy gold at $1,000. There are many individuals and organization on the internet that are forecasting this drop to $1,000. In my view we saw the corrective low in gold on the 31st of December of 2013. Anyone waiting for gold to have another major drop does not understand the role of gold. You are holding gold for wealth preservation purposes, and because of all of the risks I’ve outlined today, it’s critical not to wait to buy gold.

Short-term, technically gold went up on Friday right on cue. This should be the start of the 2014 up-move. The same thing is true for silver. Silver has major resistance around the $20.60 level, but when silver breaks through that resistance we will see a major move in silver also.”

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