from King World News
Today
Rick Rule told King World News “At some point we will see the
availability of physical gold disappear when we begin to see widespread
public ownership like we witnessed in the 1970s.” Rule, who is now part
of Sprott Asset Management, also noted that “… gold will do well
because the value of currencies will continue to erode.”
Here is what Rule had to say: “It was a nice catch by Michael Pento
the other day on KWN, and I suspect he’s exactly right that we are
looking at QE4. It seems to me that regardless of the excuse, the Fed
will find ways to add liquidity into the system for a couple of reasons.
First, they feel the desperate need to keep the system, at least a big
part of the system, liquid, in order to avoid a 2008 style decline.”
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