I am regularly acccused of being a pessimist as far as where the global economy is headed. Recently I have come to the conclusion that one of 2 extreme paths will be followed:

1) "QE Forever" resulting in worldwide heavy duty inflation to enable "servicing" the debts. In this scenario 6 - 10 thousand dollar gold will occur, maybe a lot more. Gold in the ground (and maybe even gold on the moon) will be highly valued.

2) The system breaks down due to the 17-headed monster called the Eurozone. Gold and silver (CEF, GTU, PSLV, etc.) will be confiscated from our accounts, and mines will be nationalized globally. We're all screwed in that scenario.

Celente's experience makes me think it might be the tip of the iceberg, greatly increasing the odds of #2.

Strike