Saturday, March 17, 2012

Egon von Greyerz - Gold Will have an Explosive Move to the Upside

"First of all, we know the debt levels are too high today and gold is starting to reflect that. But because less than 1% of world financial assets are in gold, we have yet to really see the gold market react to all of this massive money printing. Once the gold market starts reacting to all of this, that’s when gold is going to go exponential.

It doesn’t matter whether investors are buying gold at $1,600 or $1,800, it’s irrelevant in the long-run. What’s important is they are invested in physical gold in order to preserve their wealth.

I believe that QE will and must start very soon. This will either happen in April or the gold market will anticipate its start at that time. The Treasury bond market, which is going down fast, is already smelling inflation and QE. So I believe we are nearing the time period where gold will have an explosive move to the upside.”

Egon von Greyerz via a recent King World News interview, Read the full interview here: