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Rick Rule continues:


“The difficulty is that I am too old for that.  I’ve been around too long.  I don’t believe it, but I would certainly love to be wrong.  In direct answer to your question, the only thing I can believe is that people’s experience in the immediate past has been that the policy response to the 2008 collapse, which was to add liquidity, is a response that has worked.


So people believe because they want to believe that it will work in the future.  I don’t believe it will have a happy ending....


Continue reading the Rick Rule interview below...




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“But I would be delighted to be wrong.”


With that as the backdrop, Rule spoke about global gold demand: “There is spectacular demand for gold.  I think it’s a function of people around the world exercising their own common sense.


It would appear to be retail distribution of gold.  I noticed a headline the other day from the British (Royal) Mint, they are sold out of sovereigns.  They have no more 2012 sovereigns.  That’s just sort of an anecdotal example.


I know from conversations with a very good client of mine that the infrastructure for delivering gold to retail investors in China is being built out rapidly.  I think it’s probably being built out because the central government in China would like to see Chinese people diversify the nature of their savings, into savings products which include gold.


Also, because of a very strong market driven cultural affinity for gold among the Chinese.  But that’s just one example.  Certainly in the discussions that I have with retail coin and bullion dealers in the United States and Canada, there has been very, very strong retail demand.”


The above information was just a small portion of this tremendous interview with Rick Rule.  This segment covers the demand side for gold around the world, as well as the bigger macro picture going forward.  The King World News interview with Rick Rule is available now 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 This material may not be published, broadcast, rewritten, or redistributed.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.


The interviews with Rick Rule, James Turk, Egon von Greyerz, Gerald Celente, MEP Nigel Farage and Dr. Stephen Leeb are available now.  Also, be sure to listen to other recent KWN interviews which included Jean-Marie Eveillard, Bill Fleckenstein, Art Cashin (UBS $612 billion) and Jeffrey Saut (R.J. $360 billion) by CLICKING HERE.


Eric King

KingWorldNews.com

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