Today a legendary value investor warned King World News that the financial world is in an incredibly precarious position and that for major countries “there is a big risk of a collapse.” Jean-Marie Eveillard, who oversees more than $65 billion, also spoke about gold. Below is what the legendary investor had to say in his interview.
Eric King: “The Germans have now admitted that more money printing is on the way and they support it.”
Eveillard: “Well, you know the Germans they have repeatedly accommodated the French, Italians, Spaniards, and others. Every now and then they complain, but in the end they more or less capitulate.
I’m not even sure if the German public is aware of the fact that Germany, and accordingly the German taxpayer, is already on the hook for a substantial amount of money. I’m also not surprised that Mario Draghi would be pressuring the Germans, and that the Germans then decided to print….