"You're Going To See A Rush For Gold" - Katusa Warns De-Dollarization Is Accelerating

Tyler Durden's picture

Authored by Mac Slavo via SHTFplan.com,

Global strategist Marin Katusa is the New York Times best selling author of The Colder War, which details the geo-political power shift that threatens the global dominance of the United States. He’s also a well known resource hedge fund manager who legendary investor Doug Casey has called one of the best market analysts he’s ever worked with.

His prior forecasts noted that countries around the world would soon stop trading commodities like oil in the U.S. dollar, something we’re already seeing with China, Russia, Iran, and Venezuela, all of which are preparing non-dollar, gold-backed mechanisms of exchange.

This trend, according to Katusa in a must see interview with Future Money Trends, will only continue to weaken the U.S. dollar going forward and the result will be a massive capital flight to gold in coming years:

I think we’ll have a near term bounce on the U.S. dollar… then it’s going to be very weak… and then it’s going to go much, much lower… With China and Russia working together to de-dollarize the U.S. dollar starting with oil, which is the biggest market… and then all the other commodities.

 

You’re going to start seeing a massive unwind of these U.S. dollars in the emerging markets.

 

...

 

When that money comes back… which it will… and the world starts cluing in that the emerging markets need gold to convert the Yuan and the Ruble and all these different factors, you’re going to see a massive rush for gold.

Watch the full interview:

Katusa notes that he is preparing to “load up” on gold-based assets as the dollar strengthens and puts additional pressure on gold prices, but says that by next year major fund managers will start moving capital back into precious metals in response to dollar weakness, global de-dollarization and economic crisis:

Everybody wants to rush in when something’s exciting… but you take your position before the massive flow of money…

 

I think we have a near term dead cat bounce for the U.S. dollar… which will mean we’re going to have a little bit of weakness here in gold in the near term… the next six months is my time to load up.

 

…And when the funds flow come in… it’s going to be the equivalent of Niagra Falls coming through your garden hose.

The geo-political realignment taking place now stands to upend the financial and economic systems as we know them. This shift will not come without crisis and panic. The time to position yourself in gold-based assets is now.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
hoytmonger's picture

PM's are down... buy, buy, buy!

Take cryptos and shove them up your ass... oh, wait, you can't... they don't really exist.

Zero Point's picture

2011 just called, wanting their article back.

secretargentman's picture

Katusa? That word means something completely different to me. Ah... memories...

TheMachinist's picture

Me too. Korean Augmentation to the US Army.  Some of them were good friends of mine when I was stationed in Korea in the 2nd ID.  Ah, the good ol' days.

dark fiber's picture

That 2011 article was a warning of things to come.  I hope you were paying attention.

beemasters's picture

Yet, I'm still not buying it....If it were to happen, de-dollarization would/should have happened a long time ago.

ali-ali-al-qomfri's picture

hey just walked passed this really fat lady in the hall way, I mean really YUGe!

dark fiber's picture

Yeah I mean if we are going to die one day, it would have happened already.  Ergo we will live for evar. 

Spot the logic flaw.

TheReplacement's picture

You spelled evar wrong.  Otherwise, your sarcastic logic is pretty good.

AG17's picture

Stack as much as gold and go in bunker before the world go shite crazy.

Deep In Vocal Euphoria's picture

Flooding the USA with the USA dollar....

 

enjoy the swim americans.... ha ha ha..............

 

taste of your own medicine..........little fucking goys

jmack's picture

 lol, keep stacking, the big one wont be for a decade

DIGrif's picture

But but but...you mean they are not all going to buy Bitcon? Because I know when the financial SHTF I would just love to have a bunch of fake ass, does not even exist bullshit as opposed to a hard asset (Gold) in my bag of tricks. I am sure the mortgage company would be more than willing to accept bitcon in times like that.....NOT.

Squid-puppets a-go-go's picture

where's the lack of wisdom in diversifying into both?

MANvsMACHINE's picture

You want wisdom? Use the wayback machine and visit Zerohedge circa 2010.

The geniuses who are calling for Bitcoin to implode have zero clue what it is and where it's going. They suffer from gold bug normalcy bias. I too was afflicted by it but I got the necessary treatment and I've learned that one should have all bases covered. That's too difficult for some of these Einsteins to comprehend.

I love gold and silver even more than cryptos but owning both is a wise move. Keeping some small denominated cash on hand is a good idea too.

Squid-puppets a-go-go's picture

hehe I dont need no wayback machine, mine may nearly be the oldest extant account. Been here since ZH was 9 months old.

 

You'd think I'd get a portfolio of credit default swaps in substitute for long service leave from the Tylers, but no dice

Mr 9x19's picture

one simple argument:

 

in a finite world with finite materials & finite ressources, where all is energy, and based on a simple 2ND thermo dynamic law that all used energy is definitivly lost,  can't wait to see even 2030 with your BTC where the south half of the globe will be down your streets because you would have  taken their water, gaz, oil, uranium remaining.  What would remain to them is hope to get a place among you, with, of cource, a lil' anger in the mind.

 

i think, if you open your eyes  several times per days, that, by chance, you will have observed  that, what i described, is already happening, as phenomen.

 

rendezvous in a decade. just a simple decade.

OldPost's picture

How many upvotes can I give ya....couldn't agree more...... why these guys hate crypto's doesn't show alot of forward thinking...

malek's picture

"one should have all bases covered"

So you own a bit of EACH of the ~1100 (hearsay) crypto currencies currently in existence?

Also in your case it sounds more like you're
1. unwilling to come to a logically and morally derived conclusion yourself AND stick to it, and
2. afraid to miss out...

wren's picture

I'm with you. I have gold and the means to get more gold. I used to make fun of crypto, but now I have a bit there too. There is no wisdom in putting more in crypto than I can happily live without, and I don't personally believe crypto will ever dominate the globe, but I am capable of admitting that I have been wrong and diversifying a bit never hurts.

ZorroHedge's picture

Over 5-10 years this comment of you will proven to have been one of the dumbest ever written on zerohedge. Congratulations for that.

merizobeach's picture

"this comment of you will proven"

Dude, if you're going to call someone out as stupid, at least get your basic grammar correct.  It really helps make your point, rather than, say, the antithesis of it.

Cloud9.5's picture

After waiting three hours in a gas line to fill some cans for his generator, my brother in law was turned away because all he had to pay with were credit cards.  He never realized that when the power lines went down they took the phone lines with them and the credit card lines were shut down.  Cash will work first after collapse.  ATM machines did not work.  Virtual money in your accounts will disappear along with your cryptos the moment the grid goes down.  Guys if a wind storm can take down the grid for millions of people imagine what a war can do.

 

Cash will work longer than people imagine because there is so little of it in circulation.  Gold will have immediate value in the eyes of the more intelligent.  It will take a while before the realization reaches the underclass.  When it does you will be able to hire a day laborer for a silver dollar a day.

Dr. Dooms-a-lot's picture

I get it. We all get it. Wake me up when my gold and silver are worth $10,000 and $1,000 an oz.

secretargentman's picture

It's just a matter of time, but I've discovered that could mean a lot more time than I originally thought. 

Dr. Dooms-a-lot's picture

Agreed. There are many more variables in the mix that I never anticipated. I never saw Trump coming or the Trump Rally. The petrodollar has been around for a long time. Its demise has been and will take some time.

I would rather be a year (or four and counting) early than a day late.

dark fiber's picture

When you do wake up, do you promise not to ask for the government to "redistribute" the wealth of the goldbugs you were making fun of?

Dr. Dooms-a-lot's picture

I sold my house and converted it to gold and silver.  I promise you - my stack is higher and shines brighter than yours!  

Now I am just making fun of you specifically.

kellys_eye's picture

...not before the missiles start flying.

Neodymium60's picture

IMO PM can't take off meaningfully until china decides to replace current manipulated pricing of paper gold in US and London.  While China is still buying gold, this is not likely to happen.

Hillarys Server's picture

I was getting ready to buy some more PM but then I saw this article on Drudge, dated yesterday.

Jim Rogers says ETF holders will get mauled 

http://www.marketwatch.com/story/jim-rogers-says-etf-holders-will-get-ma...

What does Rogers like? Overlooked and hated markets — agriculture and Russian stocks — and he remains a fan of Chinese stocks. The Singapore-based investor owns gold, but says the metal isn't hated enough to buy right now and it’s going to get “very, very, very overpriced” before the current run is over.

But if you expect something to become very overpriced in the future, don't you buy cheap now and sell then when it's overpriced? What Jim Rogers says doesn't even seem internally consistent.

merizobeach's picture

"he remains a fan of Chinese stocks."

I can only imagine that, if he's not an idiot, it's because the Chinese national Plunge Protection Team is on steriods compared to its counterparts, and there must be some other as yet unnamed or popularly unknown CCP organs whose function is to tilt credit and market balance in favor of the local manufacturers.  It could not possibly be because of their actually non-existent competitive advantage in R&D, IPR, management competence, integrity, or transparency.  (In other words, fuck China.)

hoytmonger's picture

Just wait until governments worldwide decide to ban cryptos because the amount of energy used to "mine" them causes global warming.

Or, maybe they won't, since cryptos are a government scam to begin with.

Archibald Buttle's picture

congress could argue about this for decades before any sort of action will be taken.

ZorroHedge's picture

So you are basically saying that governments are in favour or against Bitcoin. Great call. Looks that your advice is very "legit". Concerning global warming ... there are cryptos that hardly cause global warming. These cryptos are proof of stake instead of proof of work. Ethereum is switching to that in 2018. But funny though that you talk about the energy issues. You are probably a pro gold guy. I didn't know you don't need energy to get gold out of the mines ... :-s

lakecity55's picture

I am not sure. I have a lot of former collegues in foreign service and intel outfits who are into these digital currencies. I have been offered a chance myself by a friend, but I am just too leery of a thumb drive with a bunch of 1s and 0s in it. I'm just too old school. If these younger guys can make profits with it, fine. I have another way that works for me.

Always keep in mind, your skills, experience, doing the next right thing will get you rewards just as well as money. A person must balance the practical with the spiritual; the right kind of life will earn you more in the long run in my experience.

 

sinbad2's picture

I worked in IT, and would never trust a digital currency, if a man can make it, a man can break it.

Maestro Maestro's picture

USA/The West is hopeless.

However,

The BRIC countries are only part of the problem and not the solution.

The BRICs are all IMF member countries and are thus forbidden to monetize gold, or link their currencies to gold, or use gold as a trading or exchange mechanism:

http://m.beforeitsnews.com/silver/2016/04/how-the-imf-forbids-the-use-of...

http://www.24hgold.com/english/news-gold-silver-why-does-the-imf-prohibi...

India recently collaborated with Western bankers and following the West's instructions, temporarily destroyed the purchasing power of its own Indian population by demonetizing physical cash, under the guise of eliminating tax evasion and cash-only criminal activity. This has had the effect of crashing the gold price by temporarily removing the Indians from the gold market, exactly when the Trump inauguration lit a fire under the gold price.

The Russians never abstained from using dollars even at the time of the communist USSR! If they did not demand gold for their oil during the Cold War, why would the Russians do it now when the Russian central bank is owned and controlled by the City of London banking establishment since the creation of the new Russian Constitution under Yeltsin? The Russians are forbidden to issue their own currency the Ruble without permission from Western bankers and the Russians can only buy US Treasuries with the dollars they get for their oil, not gold. There are more dollar assets than Rubles in Russia:

http://anonhq.com/checkmate-central-bank-russia/

http://www.pravdareport.com/russia/economics/30-12-2014/129431-usa_russi...

The gold price would have skyrocketed if the Russians and the Chinese were buying gold hand over fist as alleged. Why do you think that Western bankers would give gold away at or below cost to their purported enemies?

Unless they were not enemies in reality, and just partners playing good cop, bad cop for the purposes of fooling and manipulating their unsuspecting respective populations?

http://batr.org/forbidden/091217.html

http://www.mygen.com/users/ufo/Mao_was_a_Yale_Man_2.html

Why do the Russians never ask the Americans to leave Syria where the Americans are illegal invaders under international law? Why did the Russians never prevent the Americans and the Israelis from attacking their allies the Syrians?

The Shanghai Gold Exchange is a fraud designed to legitimize the fraudulent COMEX "discovered" gold price. Goldman Sachs and JPM never could have manipulated the gold and silver prices lower without active Chinese collaboration. That the Shanghai Gold Exchange is a physical only market is a LIE:

https://www.sprottmoney.com/blog/the-new-shanghai-gold-exchange-does-any...

The Chinese government defrauded and stole from their own Chinese citizens by encouraging them to buy gold at the top. The Chinese bankers then colluded with JPM and Goldman Sachs to crash the gold and silver prices. Large amounts of physical silver were leased out and sold into the physical markets by the Chinese authorities as well:

http://www.silver-investor.com/charlessavoie/cs_july04.htm

http://m.digitaljournal.com/article/279166

http://www.dnaindia.com/money/column-china-urges-citizens-to-buy-gold-an...

Do not forget: It's the international ruling classes against the common folk. That's the real meaning of globalism.

 

P.S. Bitcoin=CIA

sinbad2's picture

The difference between COMEX and Shanghai, is Shanghai delivers physical gold as well as futures.

Shanghai delivers more gold in a month(40tons) than COMEX does in a year(30 tons), and that 30 tons is most likely recycled between the bullion banks.

COMEX is all smoke and mirrors, they obfuscate actual deliveries, whereas Shanghai makes it all public, check it out yourself  http://www.en.sge.com.cn/data_MonthlyReport

Usually the price of gold goes up whilst Hong Kong is open, and then goes down an hour after COMEX closes, this is as regular as clockwork, so it's obviously manipulation.

If as you claim Shanghai is keeping the price artificially low, buy some gold whilst it's cheap, I know I am, and I'm pretty sure lots of others are also buying physical.

 

 

Maestro Maestro's picture

Shanghai delivers jack.

 

Have you seen and confirmed anything they claim that they do?  What reason do you still have to believe anything that they say after all the publicly-available information and the links I posted above?  If the Chinese or the Russians were truly buying physical gold as in actually taking unencumbered possession of it away from the West, both the COMEX and the SGE would cease to function like yesterday.

 

The American, the Russian and the Chinese ruling classes are partners in crime.

 

All of you are the victim.

 

 

lakecity55's picture

I suspect the Elites know about how much total Au is out there.
Now, between themselves or central banks, they may well use bullion for money. It IS the only real "money."

It only follows logically they don't want us to have any, thus the low price in USD. However, there may be a private, secret exchange between the Big Players where Au has a different price or value.

Everyone should own some PMs. After 2008, I was sure the massive creation of more debt notes, mostly electronic, by the Fed, would cause Au/Ag to rise. Along with many, many others, I did not realize how well the market could be manipulated.

The Elites to some degree must own or have control of most central banks, even Russia and China; India, Syria, Iran, all the BRICS are to some degree under their influence. If the value of the dollar continues to deteriorate, they will have moved into another currency position by the time it gets serious.

It may be best for we more pedestrian serfs to have Ag, as well as hard, durable goods. I still get Au when I have a chance, but I have moved into durables and skillsets which are more practical to me in terms of bartering with others.

That all said, Gold is the metal that drives the WHite Man crazy, as our Native American brothers used to say.

Keep a stash. But, try to get some yuan, rubles, etc for your stash also.

 

 

 

Maestro Maestro's picture

The Fed, the elite.

 

Nonsense.

 

Corruption (fiat) rules because the little guy is as corrupt and sociopathic as the big guys.

 

The only difference between a rich man and a poor man is their bank accounts.  Don't forget that.

 

I live in the West, now on the peripheries of it.  Life is simply unlivable to me in any major Western country I've been to, America is hell.  I go on because I have more independence than most as I don't have to deal with humans every day just to eat and have a roof over my head, thank God.

 

The human race is lost.  To me at least.

 

There is no solution here.

 

You are the problem.  How could you solve it?

TheReplacement's picture

If what you say is correct then we might start by killing the messenger.  Where do you live?

Just kidding.  Anyone who matters and wants you already knows.

Maestro Maestro's picture

Yes, you know where I am and who I am.  I'm only saying what you already know for the benefit of people who don't care or understand.  Thanks for acknowledging my existence.  It saves me the trouble of having to ride a motorbike with a broken exhaust pipe or a free fllow (noisy) aftermarket muffler, same difference.

USofAzzDownWeGo's picture

Oh please, keep dreaming and keep underestimating the power of the fed. The fed controls 100% of all the markets and they aren't going to hand them over to you little gold goys!!! 

Volaille de Bresse's picture

"keep dreaming and keep underestimating the power of the fed. The fed controls 100% of all the markets"

 

That's a comment that was true... in the 70's and 80's! When the US were sole rulers of the world.

Now we have Russia and China and both want to kick Uncle Sam's ass badly. And CHinese are very not at pulling the rug from under you instead of trying you directly in the face. Then netx 10 years are going to be interesting... and at the very least the coming US crisis will enable the American people to get rid of the financial Mafia that's been corrupting their life since the 70's.

 

You'll be poorer but happier!

USofAzzDownWeGo's picture

Oh please, keep dreaming and keep underestimating the power of the fed. The fed controls 100% of all the markets and they aren't going to hand them over to you little goldbug goys!!!