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A Market Crash On The Scale Of 2008 Is Looming; Buy Safe Havens
A Market Crash On The Scale Of 2008 Is Looming; Buy Safe Havens
A Market Crash On The Scale Of 2008 Is Looming; Buy Safe Havens
A Market Crash On The Scale Of 2008 Is Looming; Buy Safe Havens
A Market Crash On The Scale Of 2008 Is Looming; Buy Safe Havens
A Market Crash On The Scale Of 2008 Is Looming; Buy Safe Havens

A Market Crash On The Scale Of 2008 Is Looming; Buy Safe Havens

Kitco NEWS - 2018-05-03

Equity markets are overvalued and overleveraged, and a crash on the scale of the last recession could be on the horizon, said Gerald Celente, publisher of the Trends Journal. Celente told Kitco News that one possible trigger for such a crash could be an escalating war in the Middle East. 'If we have a war that involves Iran, kiss the markets goodbye,' he said. Celente added that in such a scenario, oil prices could spike to $150 a barrel. On economic growth, the economic forecaster said that growth in the U.S., particularly when it comes to retail sales, is not as strong as it could be. Celente said that given the myriad of risks for investors, now would be an ideal time to buy gold. 'I believe that there is no greater safe haven right now than gold,' he said. _________________________________________________________________ Kitco News is the world's #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions. Subscribe to our channel to stay up to date on the latest insights moving the metals markets. For more breaking news, visit kitco.com/ Follow us on social media: Facebook - facebook.com/KitcoNews/?ref=br_rs Twitter - twitter.com/kitconewsnow Google+: plus.google.com/u/0/116266490328854474588 StockTwits - stocktwits.com/kitconews Live gold price and charts: kitco.com/gold-price-today-usa/ Live silver price and charts: kitco.com/silver-price-today-usa/ Don't forget to sign up for Kitco News' Weekly Roundup - comes out every Friday to recap the hottest stories & videos of the week: connect.kitco.com/subscription/newsletter.html Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: gold-forum.kitco.com/ Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.