Thursday, August 18, 2011

Gerald Celente : the EU is on the verge of collapse



Gerald Celente : I have been yelling Gold $2000/oz now for very long time , and we have picked a bottom for Gold around $255/oz in 2000/2001 and when it hit $275/oz we said that's the beginning of Gold bull run and the only reason we are putting a ceiling on gold at $2000/oz is we are concerned that the central banks and the FED are going to do something to not so much to drive down its price but who knows if they'll put a peg on it or not , they have done it before , and when you seen what's going on in Switzerland for example all of a sudden they are changing the rules and now they are talking about pegging the Swiss franc to the Euro , I have been invested only in Gold and Swiss francs through the last year and now it is mostly just Gold .... The Fiat currencies are not worth the paper they are not printed on and people are getting to know that , the only reason the Gold is going up is because the value of the dollar is going down

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