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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.”

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.

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