- Source, Commodities Wrap:
Tracking the Gold and Silver Vigilante, Eric Sprott - An Unofficial tracking of his investment commentary
Wednesday, June 26, 2013
Gold to Go Significantly Higher
“I always look at two fundamentals: ‘Do we believe in zero interest rates?’ and ‘do we believe in printing money?’ and I haven’t found anyone who believes in it, and we all know we’re in a ponzi-type situation here where if we ever reverted to normal, the destruction of the financial system would be unbelievable. People will naturally go to gold; the demand exceeds the supply by a factor of two already, so I think the price of gold will go significantly higher.”