Panic of 2016 at the Doorstep

At the beginning of this year, Gerald Celente, the publisher of the Trends Journal, put out a magazine cover that predicted the “Panic of 2016.” How close are we to the “panic”? Celente says, “We are at the doorstep, and it’s ready to go. Look at gold prices. Look at how they have been going up. They are up 28% year to date. I ask people, would you buy a bond where you know you are going to get less back than what you paid for it in 10 years? Or, do you think gold prices will be higher in 10 years than they are now? That’s why you are seeing gold as the safe haven.”

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