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Egon von Greyerz continues:


“If I look at the physical market, we are seeing major demand and it’s actually accelerating.  Again, we are looking at a paper market which is artificially manipulated short-term.  It has no relevance at all for the gold market in the long-term.


There are two key drivers (for gold).  One is technical and it looks and to me it looks like the next move (higher) in gold is going to be a big move.  In our view it’s the fundamentals that drive this market.  There is a lack of solutions (to the world’s financial dilemma), this means there will be unlimited money printing starting very soon.   


I feel as confident as ever this is the main investment people have to own in order to protect themselves from what’s going to happen in 2012 and thereafter....


Continue reading the Egon von Greyerz interview below...




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“I see a lot of investor groups and recently I made a presentation to a major group of Swiss asset managers.  It’s the same story everywhere, they don’t own gold and they don’t understand the virtues of gold.


This is why I’m so bullish on gold because I see gold, having gone up in dollar terms almost 7 fold, and no major group owns gold.  I am absolutely certain that this is the next big investment.


The institutional investors are going to go heavily into gold and that will totally change the market.  As we know there isn’t the physical gold around the satisfy an increase in demand, so that can only be satisfied by a higher price.”


When asked about silver specifically, von Greyerz stated, “Silver has been under pressure and corrects more than gold when the market is down, but I see this as a mild correction that we’ve had in the last month.  When silver turns, I think silver is going to go very fast.  Once we go through the $35 - $36 level, I could see us going to $40 and beyond in a very short period of time.


Silver is not for the faint of heart because the volatility is enormous.  My view is people should hold more gold than silver, but from a profit potential point of view, silver looks very much like it’s going to have a bigger move.”


© 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 This material may not be published, broadcast, rewritten, or redistributed.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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