Saturday, December 29, 2012

Michael Pento - Gold to Break $10000

"It wouldn’t surprise me if gold eventually goes to $10,000 an ounce or even higher because there is no limit to the productive capacity of central bankers to produce currency. I think it would be more surprising if gold didn’t go to $10,000 an ounce. When the US dollar loses its world reserve currency status and the US bond market collapse is in full swing, a $10,000 gold price may prove to be very conservative.”

- Michael Pento via a recent King World News interview, read the full interview here: