Gold Price Will Explode When System Breaks – Gordon Long

By Greg Hunter’s USAWatchdog.com 

Private investor Gordon Long contends the price of gold will shock the world when it revalues to reflect the massive amount of currency that has been printed globally. Long explains, “That is correct, and it won’t be something that is gradual, it will be very abrupt.  The system will break . . . and the financial markets will freeze up.  When they come out of the other end of that freeze, and it may be a number of weeks because the next crisis will be global and much more complex than 2008.  We could control that with the Federal Reserve . . . and this one you cannot do because you cannot get agreement with all those countries.  Never mind understanding the complexity.  So, when we come out on the other side . . . there will be a massive revaluation in the U.S. dollar. . . .  Gold could jump to $5,000 or $10,000 an ounce or something like that. . . . It will be massive.  They will have to put some stability in the monetary system, and the only way they can do it is having something they cannot print.  This is what has gotten us into this problem.  We have to get back to sound money.  It will have to be gold.  What percentage of backing will determine what the value the gold will be.”

On the value of the U.S. dollar, Long contends, “Personally, I think the revaluation of the U.S. dollar will be well over 70% devaluation. It doesn’t mean the world is coming to an end.  It just means you have to go through this to reset.  Those who prepare and understand why this is happening and watch for the signals, there’s going to be fortunes transferred.  They are being transferred right now, frankly.  One other big caveat on gold prices going way up, expect the government to tax it like you have never seen before.”

Long says the stock market hitting one all-time high after another, despite all the economic headwinds, shows the public is in a “delusional phase.” The latest nuclear war threat from North Korea shows the extreme delusion going on, and Long contends, “This is about as clear of an example as you are going to get.  This is more serious than the Cuban Missile Crisis, and the fact the market has not even blinked during this tells you we no longer know how to price risk.  It’s not being priced correctly. . . . It’s almost pure speculation at this point, and maybe straight out gambling.”

When is it all going to come crashing down? Long predicts, “I think there is a scare coming this fall.  That scare will allow central banks to start more quantitative easing and other programs.  They will be guaranteeing the markets and guaranteeing assets because they can’t have this pension system collapse, and it’s all in the stock market.  I think we are talking about the spring of next year.” (When it all totally implodes.)

Join Greg Hunter as he goes One-on-One with investor Gordon Long, founder of MATASII.com.

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After the Interview:

Gordon Long also points out, “27 times the stock market has hit all-time new highs, and yet, fundamentals have never been worse. If there is a 5% to 8% decline in the stock market it’s over.  They can’t have more of a decline than that because of the extreme degree of debt leverage.

There is free information, articles and analysis on MATASII.com.  Long has another website called GordonTLong.com as well, and it’s also free.

 

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Comments
  1. Scott

    If the government is going to “tax gold like you have never seen before,” what’s the point of owning any? They’ll just confiscate your gains.

    Wouldn’t farmland or food you can store, be better?

    • Greg Hunter

      Scott,
      I think every Senator in Congress is a owner of physical metal. They may not want to tax gold but make it money to get the economy going. You have no idea what is going to happen but I think you are better off with metal than without it. You need some of everything to be truly diversified. By the way, the taxes may not be as bad as you think, and paying taxes is far better than writing off losses.
      Greg

      • Scott

        An excellent, thought-provoking answer. As always, you give me much to think about and consider. Thanks, Greg!

        (And a great interview, btw…)

        • Greg Hunter

          Thank you Scott!
          Greg

          • ROGER P CARPENTER

            Good Job Greg!

            Gordon is RIGHT. I have 8 years of education in Economics Globally and Domestically. He is Correct in my best estimation. I couple my education with 31 years on the street as a cop. It’s a monster..

            • Greg Hunter

              Roger,
              I appreciate your service and your comment.
              Greg

      • helot

        RE: ‘If the government is going to “tax gold like you have never seen before,” what’s the point of owning any? They’ll just confiscate your gains.’

        Ah-hem, I have heard that certain God given substances a.k.a. ‘drugs’ are illegal and banned by our our mighty overlords, too. Certainly, those elements are nowhere to be found, and absolutely no one profits from them,.. not anywhere. Especially not politically connected figures.

        As we all know, the most secure place in the world, one where the might of our overlords is most mighty, is in the crucificaton system we call, prisons. Obviously, there’s total control in that environment, as there must be in the Panopticon we live in. So, of course, ‘They’ll just confiscate your gains’.

        Such is reminiscent of those dastardly outlaw colonial-American smugglers, pre-1776. They should have obeyed and submitted to the empire, like good serfs.

      • Anthony Australia

        So does Ben Bernanke

      • Hairy Herry

        Greg,
        This Hairy Guy agrees as long as these critters in Congress don’t do the “holding tax” of 90+% which I understand JFK did, back in his day.

    • Frederick

      Scott They are most likely going to tax that farmland as well They will most likely tax the air we breath at some point

      • Paul ...

        Frederick … Al Gore wanted to tax the air we breathe “out” (CO2) … other crooks would have imposed a separate tax on the air we breathe “in” (O2)

        • Paul ...

          Speaking of crooks … looks like a few men “with balls” are actually going after these (Hillary, Comey and Lynch) … by appointing a second special prosecutor!!

      • Andrew

        They already are here in canada, its called a carbon tax….

    • This sceptred isle

      Scott, nobody knows what will happen. Farmland and food could just as easily be confiscated or stolen. If people starve they will go and raid the nearest farm, shop or even house. A lot of people talk as if owning gold and other assets are mutually exclusive. You can hold some gold as well as other assets. People need to stop searching for a risk free asset as none exist. You can only diversify your risk exposure.

      • Tin foil hat

        This sceptred isle & Frederick,
        You are correct. Nothing can protect you from a tyrannical government. If someone like Obama or Hillary were in charge when the SHTF, gold is probably the best asset to own. It’s the only asset you can take with you crossing the border – most likely under moonlight.

      • JohnH

        “They will most likely tax the air we breath at some point”
        It’s called the carbon tax.