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Eric King:  “Nigel, we’re getting smashed on gold and silver.  Silver is down $1.50, gold down over $60.  What are your thoughts as you see this kind of a smash?”


Farage:  “Yes, well they are big moves aren’t they?  I guess movements like this are going to shake out not just some of the short-term longs, but it may shake out some of the medium-term longs as well.


That is something which gives the bigger, longer-term players very good buying opportunities....


Continue reading the Nigel Farage interview below...




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“One thing is certain, whatever has happened to gold and the stock markets over the last 3 to 4 months, the fundamentals haven’t changed a bit.


We’re still living beyond our means (in the West).  We’re still printing money like crazy.  Bernanke says, ‘Oh, well we may sort of reduce the amount of quantitative easing that we are doing,’ but overall, all of the longer-term fundamentals point to the fact that our governments are in terrible trouble with their finances, that our banks have further shocks to come, and that we’ve got inflation coming down the road.  Nobody can quite tell you when it’s going to be, but for all of those reasons I still maintain the position that dips in gold are there to be bought.


I also happen to think that the whole commodities complex, you know we’ve had this amazing rally over the course of the last decade.  Were seeing retrenchment, but when we talk a few years from now, we are going to see gold and other commodity prices, particularly metals, very much higher than they are today.”


Eric King:  “Nigel, the continued ferociousness of this attack on gold and silver, do you sense desperation on the part of the West?  What do you make of this?”


Farage:  “I think there is a degree of desperation, but the wise investor in commodities and precious metals is the person that plays the long-(term) game.  If you think you can beat the markets in the short-term you may as well go to the bookmakers and have a bet on the next horse race because you are not going to win money, believe me.


I did this (traded gold on the LBMA) for 20 years.  In the short-term, if you are a man on the street, you will lose money.  You’ve got to look for the long-term trend, and all of the reasons behind the big upward move in gold, all of those basic fundamentals are still in place.


The fact that we’ve had an absolutely loopy period of money printing, which has boosted the stock markets and reduced the price of gold, does not mean the fundamentals have changed.  And the long-term (big money) investors are buying gold on dips.”


IMPORTANT - Part II of the written interview series covering the gold and silver smash has been released.  The information above was just a small portion of this incredible interview with Farage.  Farage spoke at great length about the incredible smash that has taken place in the gold and silver markets and what to expect going forward.  Farage also discussed future government theft of assets, what type of chaos to expect in Europe and around the world in the future and much more.  The powerful KWN audio interview with Nigel Farage is available now and you can listen to it by CLICKING HERE.


© 2013 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 audio interviews with MEP Nigel Farage, Rob Arnott, Egon von Greyerz, Gerald Celente, James Turk, John Embry, Dr. Philippa Malmgren, Eric Sprott, Rick Rule, Jim Grant and Art Cashin are available now.  Also, be sure to hear the other recent KWN interviews which include Marc Faber and Felix Zulauf by CLICKING HERE.


Eric King

KingWorldNews.com

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