Thursday, July 12, 2012

Gold 22% Rally to Record Seen by Eric Sprott: Commodities

Liezel Hill, writing for Bloomberg, begins: “Gold will climb to a record by yearend as the global economy slows from the weight of too much debt, says Eric Sprott, the founder and chairman of Canadian fund manager Sprott Inc. (SII)

“I just can’t imagine the demand for gold is going down,”he said in a July 9 interview at Bloomberg’s Toronto office. “I don’t personally see a solution to the problem that we’re in, the financial leveraging issue that we all have where everybody wants to shed debt and there’s no buyers.”

Catch the entire article and related videos at the link below:

Source: Bloomberg
http://www.bloomberg.com/news/2012-07-11/gold-22-rally-to-record-seen-by-eric-sprott-commodities.html

Posted by Gene Arensberg at 01:05:14 PM in Vulture In Review

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