Saturday, 1 December 2012

Precious Metals to Rise 30%, 40%, 50% Next Year

"We know that it’s being manipulated. I’m not saying that as a conspiracy theorist. They (central planners and banks) were rigging the interest rate game for years. If they could rig the interest rate game, you think they are rigging the gold and silver markets?

Everybody knows that the more money they print, whether it’s outright monetary transactions or quantitative easing, they are debasing the currencies. Gold and silver should be 50% higher than they are now. The only reason they are keeping the price down, I believe it’s totally manipulated.

But they are not going to be able to keep it down forever. I would assume we are going to see precious metals see that 30%, 40%, 50% rise next year.”