Gold To See 186% Gain As System Collapses & Silver Hits $150

from KWN:

Today Egon von Greyerz told King World News that investors will now see a stunning 186% move in gold as the financial system begins to implode and silver heads to $150.  Here is what Greyerz, who is founder of Matterhorn Asset Management in Switzerland, had this to say:  “Eric, when we spoke last time I said that what’s happening in the US with the fiscal cliff is like rearranging the deck chairs on the Titanic.  The US is sinking with a yearly deficit of $1.5 trillion, and total liabilities, including unfunded liabilities, of over $7 trillion per year.”

Article Continues Below

Egon von Greyerz continues:


“But the fiscal cliff is just a minor issue which involves around $120 billion, at best, savings in a year.  The US didn’t even succeed in rearranging those little deck chairs because cost-cutting has been deferred.  I’m sure that in 60 days when this is brought up again they will not cut costs significantly because no one will accept cost cuts.



Follow IWB on Facebook and Twitter