With gold, silver and oil on the move, today King World News interviewed Rick Rule, CEO of Sprott USA. Rick spoke with KWN about the significant move in gold and silver and what we are looking at going forward. Here is what Rule had to say: “First, gold and silver were oversold and they are now coming back. Second, gold and silver move according to fear and you and I both know there is a lot to be afraid of. Has Greece been fixed? Of course not. So gold and silver have moved higher.”
Rick Rule continues:
“The insane amounts of liquidity being pumped around the world by this idiotic printing means people are afraid. And one expression of that fear is very, very strong demand for physical precious metals.