Tuesday, June 12, 2012

Perfect environment for gold

“It’s the perfect environment for gold”

"It is the ultimate place to be if you don’t want to worry that your currency may be devalued or somebody pulls out of the EU.”

“There is no growth going on in the United States,” he said, pointing to both weak consumer sentiment and wages, and little activity in financial markets. “The 99% is suffering and now the 1% is suffering.”

“We have financial chaos, so much so that we all have to assume QE3 is coming, which is just printing money,” he said. “We’re in a very chaotic state and there is really only one safe place to be, and that is precious metals.”

- Via the Financial post, read the full article here: