Jean Marie Eveillard: If Italy Sells its Gold Here is What Will Happen

from King World News:

With gold near $1,750, silver around $34 and investors around the world focused on Europe’s debt problems, today King World News interviewed legendary value investor Jean Marie Eveillard, who oversees $50 billion at First Eagle Funds. KWN wanted to get Eveillard’s thoughts on what is happening in Europe and how it will impact the price of gold. When asked about Europe, Eveillard replied, “I understand the stock market was up today in Europe and the US, to some extent, because there is a new Greek Prime Minister. It doesn’t matter, Greece is gone. Italy is too big to fail but it’s also too big to bail. I think it’s a phenomenon of contagion.”

Jean Marie Eveillard continues: Read More @ KingWorldNews.com