2012-12-29 — kingworldnews.com
We've seen it before (at different points in history) in Weimar Germany, Argentina, Hungary, but we've never seen it where Europe, Japan, and the United States, have a declaration of war on their currencies. The average American, Japanese, and European, must vastly increase their holdings in precious metals, and the (gold and silver) equities, starting now.
When asked if the Dow/Gold ratio is headed back to 1/1, Pento responded, "That number is headed down to low single digits, but I think the bulk of that move is not going to come from a collapsing Dow. You can get to that (1/1) ratio in two ways: You can collapse the Dow, or you can increase the price of gold.
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