Monday, June 7, 2010

Egon von Greyerz from Gold Switzerland Says $7,000 Gold is Not Unreasonable

While you were sleeping, CNBC Europe was interviewing the founder of Gold Switzerland, Egon von Greyerz.

Egon says that based on "real inflation" and the government deficits, $7,000 gold would just be a "NORMAL" target. This of course is not a pretty picture for the financial markets or governments, but history teaches us that a crisis is usually the end of corruption and the beginning of better things to come. GCC

LINK...