Market Analyst Heralds the Collapse of 'Everything,' Calls for Hedging in Gold and Silver Before There Isn't Any Left – Economics Bitcoin News

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Analyst Von Greyerz states: 'The debt which has built up has now reached levels which means the financial system is now too big to survive.'

. However, he believes the issued controls, like the insurance set by the Federal Deposit Insurance Corporation , which insures only 0.7% of the $18 trillion in deposits, are posed to fail.Gold and Silver: The Ultimate Hedge

In his article, Von Greyerz notes that all assets are priced at the margin, and while investors exit the stock market and other markets, like the real estate market, it is possible for assets to plunge by 70% or even to zero. He states: If there is one seller and no buyer in the housing market, the price of all houses will go to zero. The same is true for the stock market. But as investors run for the exit, most will not get through since there will at some point be no buyers at any price.In this hypothetical situation, Von Greyers recommends paying all debts in order to avoid suffering bank repossessions, and jumping to tangible assets.

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Source: BusinessInsider - 🏆 729. / 51 Read more »