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Message: Impending Mega Banking Crises guarantees GOLD as a major Safe Haven

According to the SIFMA (www.sifma.org/uploadedFiles/Research/Statistics/SIFMA_USBondMarketOutstanding.pdf), there are about $8.9 trillion in total U.S. mortgage-related securities outstanding.

$8.9 trillion.

All the major U.S. banks are effectively bankrupt (if the transfer of title is broken in all of the MBS securities) provided that the laws on the books are held up, as they should be.

The Fed could print that amount up, but that would be the end of the dollar as a usable currency.

Conclusion from this impending Financial Hurricane is that Gold is treasured more than ever before & Gold in the ground is much more valuable than FIAT money in the hand worldwide . The former is skyrocketing, the latter plummeting. Which would you rather have? Jr. Gold Mining companies on the verge of going into production will shoot off the map.

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