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Keith Barron continues:


“I remember when gold really did hit a bubble kind of market and was moving up $50 a day, that was a lot of money back then.  They were lined up all the way outside the Bank of Nova Scotia, where a lot of gold sales were made, all the way out from the basement of the bank, where the vault was, up the stairs, out the main door and two times around the building.  That’s around the whole block. 


People were buying and selling places in line so they could get in the bank sooner and buy.  We’re a long, long way from a mania like that, but we will see it.  The American government, as we know, is cooking the books as far as the inflation numbers go.  Anyone who buys groceries or gasoline certainly knows it’s getting more expensive every day....


Continue reading the Keith Barron interview below...




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“That’s just going to continue on.  We are going to see it in Europe as well.  The only way these various governments can create jobs and spend largesse is too print money.  That’s very inflationary and that will take gold and silver much, much higher.


I’m extremely bullish on gold and we have seen some chop, but what I would be doing is just buying (physical gold) and holding.  Then sit back and wait for the next crisis to unfold.  That’s what is going to take it back up.  I could see $2,000 to $2,500 later this year.


The catalysts are going to be international events and fear of inflation.  You can see right now (President) Obama asked the debt ceiling to be raised in the US, the Greek debt crisis is exploding again and France is being downgraded today.  The whole (financial and economic) situation is looking really sick.  The only way to bail these various countries out of the messes they are in is to print more money.”


When asked about silver specifically, Barron replied, “I really do think it’s possible to see $50 silver again this year.  There have been various things in the press about potential oversupply of silver right now.  I don’t see that in the numbers.  My sources tell me that physical silver buying is very much intact.  The US Mint is selling silver American eagles like there is no tomorrow.


The only thing that might be holding silver back are the games that are played in the paper market.  I certainly see, in the future, a breaking away of the gold and silver, physical markets, away from the paper market.  All it takes is for a big order to take delivery and the silver and the gold is not there in the vaults and this whole thing gets exploded wide open.”


The KWN audio interview with Keith Barron will be available shortly and you can listen to it by CLICKING HERE. 


© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


Eric King

KingWorldNews.com

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