Michael Pento, Bill Murphy, Chris Waltzek Ph.D. & Robert Ian - October 5th, 2018 - Goldseek.com Radio ©2005-2018. A Spina-Waltzek Production-©2005-2018 http://radio.goldseek.com/ Royalty free music f

Oct. 5th, 2018(S13-E664)Featured GuestsMichael Pento & Bill Murphy Please Listen Here Show HighlightsMichael Pento, President and Founder of Pento Portfolio Strategies LLC returns to Goldseek.com Radio with his latest economic insights.While most analysts are oblivious to the current financial risks, Michael Pento says the next crisis is already underway.Global central bank QE operations will turn negative for the first time since the Great Recession 10 years ago in 2019 (black line in graph) (figure 1.1.).Global equities markets, copper, lumber and many key markets are currently signaling economic distress.Since the 1950's an economic recession followed 9 out of 10 times after the yield curve inverted; the curve could invert as soon as this Dec.The Fed is expected to raise rates for the 4th time this year.Pento Portfolio Strategies points to the $20 trillion national debt level and that of China.These unsustainable burdens could add to the growing risk of economic contraction.Public debt has increased from $4 trillion to $15+ trillion drastically increasing default exposure amid sharply higher rates.The Dec. Fed rate hike will push the Pento 20 multivariate regression model into a short position on US equities by the end of 2019.For the first time in a decade - commodities, PMs and cash will be the assets du jour.Key takeaway: gold and especially the XAU / HUI will skyrocket, with AU quickly ascending above $2,000.Bill Murphy of GATA.org rejoins the show with encouragement for PMs bulls.Gold miners just found a 90 kg $15 million "mother lode" gold nugget in Western Australia after only 4 days of work.Both Bill Murphy and co-guest Michael Pento agree that gold will soon ascend beyond $2,000 creating vast fortunes.Silver could be the sleeping behemoth as 7.5 billion global inhabitants scramble to shield their shriveling purchasing power.A potential global, systemic currency-fiasco could shift the 80 : 1 gold to silver ratio to the more historical norm of 10 : 1.Silver could catapult to to triple digits, post haste.Palladium is approaching $1,000 as analysts forecasts indicate the industrial metal could eclipse the current gold price, $1,300.Silver could outpace the expectations of even the most staunchly bullish investor, climbing 100 fold in the coming years to four digits.Ronan Manly of BullionStar supports Gata.org's efforts; the LBMA is regularly trading 130 times more paper contracts than bullion available in the vaults and 11 times more paper gold is trading world wide than has ever been mined.Subscription Options                                                     Monthly                                                      : $29.89 USD - monthly                                                     Annual                                                      : $142.85 USD - yearly                                                     5 year                                         &