Marc Faber : people should have some of their money in gold and silver

Marc Faber : .."... I would say, let’s take a very bearish scenario, assuming there is a collapse in the Chinese economy, which is not necessarily my prediction, but some people say there is a horrendous bubble. I agree, if we define a bubble as artificially low interest rates, and excessive credit growth, then we have a colossal bubble in China. But it may go on for another 2-3 years. But let’s say it breaks one day.Then it will have a very negative impact on the demand for industrial commodities. And we may get, at some stage, in some sectors of the economy, the risk of deflation. In other words, the demand for industrial commodities could, for a year or two, decline, and so, obviously, the price of copper, and of nickel, and also, to some extent, oil– although this would depend very much on political developments– would go down.In that environment, there will be more money-printing. If the S&P drops 20%, all the people that are now criticizing Mr. Bernanke for QE-II will go back to their old pattern, as they have done between 1980 and 2007, to encourage the Fed to print money, because they all benefited from rising asset prices. But as soon as the S&P drops 20%, the American policy-makers will all again be for further monetary policy measures and further fiscal measures.At that time, obviously, you could end up with a global economy that is very weak, but where prices go up for certain commodities, such as gold and silver.They don’t go down because of an oversupply situation, but they move because they are a safe currency.They become the proper unit of account. In all hyper-inflation economies, eventually people give up their own currencies as a unit of account.If you had gone to Zimbabwe during their hyper-inflation, or if you had gone to Germany during their hyper-inflation, or Mexico during their hyper-inflation, nobody in those countries calculated prices anymore in their domestic currency, it was all then becoming a dollar standard, or gold standard. That is why I think that people should have some of their money in gold and silver...."
in a recent interview with McAlvany

Charles Nenner : Euro Should Be Split Into Two Currencies

March 10 (Bloomberg) -- Charles Nenner, founder of the Charles Nenner Research Center, talks about the outlook for the euro and oil prices. Nenner spoke March 8 with Margaret Brennan on Bloomberg Television's "InBusiness." (Source: Bloomberg)

Charles Nenner, Major War Coming End Of 2012

Massive conflict will prompt stock market collapse, predicts cycle strategist Charles Nenner
cycle forecaster Charles Nenner told Fox Business network yesterday that the Dow Jones was set to collapse to the 5,000 level on the back of a "major war" that will shake the globe at the end of 2012 ,Nenner, a former technical analyst for Goldman Sachs, is head of the Charles Nenner Research Center ,"I told my clients and pension funds and big firms and hedge funds to almost go out of the market, almost totally out of the market," Nenner said