Gold’s irreversible trends driving it to $10,000

Summary: Despite gold’s entry into bear market territory this morning, there’s plenty of evidence that the yellow metal will skyrocket in value. Exploding debt around the world is just one reason. Other trends like the lifespan of reserve currencies indicate that more and more people will look to gold for financial security in the years ahead. For example, reserves in the Bank of England increased by an eye-popping 362% between 2007 and 2012. Of the five options to counter debt issues, governments around the world are choosing the easiest short-term options, but in the long-term, these options will sow the seeds of a rapid devaluing of the dollar. Read more…