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Expect Aggressive Stimulus As Gold To Smash Through $2,000

Today a legend in the business surprised King World News by stating, “... at some point in the future, we may see an overnight devaluation of the dollar.” Keith Barron, who consults with major gold companies around the world, and is responsible for one of the largest gold discoveries in the last quarter century, also said, “In this environment people are being forced to turn to gold and silver.”

Barron also made price projections for gold over the next 3 to six months. Here is what he had to say: “Gold hit a new high for the year today, although we had a little bit of a pull back in the afternoon. Gold got a boost when one of the Fed Governors made a remark this morning about QE, saying it was a step in the right direction.”

Keith Barron continues:

“That news from the Fed Governor was what got the gold futures and the gold market going. But you have to look at the macro issues here, and certainly the trend is going to be higher for both gold and silver. The Fed has already said they are going to continue with QE ad infinitum. It will continue for at least the next couple of years.

The Fed is really attempting to liquify the system again....

Continue reading the Keith Barron interview below...

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“The problem is the banks are trying to preserve their capital, and they won’t lend. So the stimulus has to be greater and greater in order to have an effect. They are going to have to get very aggressive with the stimulus if they want to make a dent in the problem.

Moving to Europe, we continue to see these marches on the Parliaments of both Greece and Spain. There was a forecast just this morning which showed that very soon the unemployment rate in Greece will be 25%. These are horrible and in some ways unprecedented events that we are seeing in Europe.

These are the types of things that breed civil disobedience and rioting. This is exactly what we are seeing right now. Eventually you will get to a situation where the populace won’t accept any more austerity measures at all, and you will have the breakup of the euro.

This seems to be a worldwide phenomenon. We are seeing trouble develop in China and Brazil as well. Both of those countries are resorting to stimulus in an attempt to help their economies. Eastern Europe is not looking good either.

I would say that Norway is doing extremely well because they basically have no debt, and a great deal of oil, so they are very strong. So there are a few bright spots out there, but the few bright spots cannot support the rest of the world, which is rapidly sinking economically.

In this environment people are being forced to turn to gold and silver. It’s happening today and it’s going to continue to happen. This will continue over the coming weeks and months. KWN readers have to remember that these types of events are nothing new. The country of France had five currencies in the last century, and it went to zero every time. This is what happens occasionally.”

Barron also added: “Here we are on the first day of October right now, but I think gold will hit $2,000 by the end of this year. I also expect $2,300 by the end of the first quarter of next year. You have to remember that there will be ongoing crises during this cycle that will constantly benefit the gold market.

I would add that at some point in the future, we may see an overnight devaluation of the dollar. People will wake up and the dollar will have been devalued by 10% or so. These are the types of things you can expect to see as we go through this unprecedented cycle.”

The interviews with Michael Pento, Don Coxe, Pierre Lassonde, Rick Rule, and Nigel Farage are available now. Also, be sure to listen to last week’s line-up of other KWN interviews which included, Ben Davies, Dr. Keith Barron, Jean-Marie Eveillard, Bill Fleckenstein, Egon von Greyerz, and Felix Zulauf by CLICKING HERE.

Eric King

KingWorldNews.com

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