Friday, 7 October 2011

Ben Davies - Buy Gold, The Only Option Left is to Print Money

"There is not doubt that we saw a mass on mass deleveraging across all asset classes. When I see people who do not understand the gold market, one the concept of the two-tiered market and two, they don’t understand that gold is actually a form of money. I don’t think they realize also how much money is being put into the system.

To my mind gold will not be falling back to $1,400. I believe that we have (already) seen the low. We have seen open interest collapse dramatically. I believe it’s done.”

- Ben Davies, via a recent King World News Interview: