"What happened in each of those episodes was a short-run break in the system, collapse of confidence and flight to gold. What I think we are facing now is a terminal phase of a monetary system that isn’t viable, stable or sustainable. Therefore gold has but one characteristic - massive upside in the years ahead."
- Read more: http://www.zerohedge.com/news/2015-05-18/david-stockman-we-are-entering-terminal-phase-global-financial-system