Macroeconomic analyst Rob Kirby has wealthy global connections. He says forget about the recent takedown in precious metals because his sources don’t think anything paper will survive the upcoming financial meltdown. Kirby explains, “The commentary that I get from people with much higher pay grades than me is that, in the end, the only thing that will stand is physical metal gold and silver. They say all paper will burn.” Kirby goes on to confirm that “stocks, bonds and pensions” will be toast.
When is this going to happen is the trillion dollar question. HSBC just put out a “red alert” to its clients of a “severe fall” coming for stocks. How does Kirby view this type of dire warning from a big bank? Kirby thinks, “They want to try and position themselves so they can say hey, we warned you. They can say we knew it was coming because anybody with a brain could see it was coming. They can say they were trying to alert people. Basically, they are trying to sanitize their image before the inevitable occurs.”