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Explosive autumn likely for monetary metals, von Greyerz says
12:35a ET Wednesday, July 24, 2013
Dear Friend of GATA and Gold:
Swiss gold fund manager Egon von Greyerz, interviewed again by King World News, predicts an explosive autumn for the monetary metals as fundamental and technical factors converge. Of course this presumes that fundamental and technical factors mean anything if central banks want to keep intervening against competitive currencies. But eventually the real metal runs out and the deception fails and they've got nothing left but bullets and bayonets, whose use by government always invites revolution. Von Greyerz expects infinite money printing to compensate for counterparty failures with derivatives and then hyperinflation with corresponding gold and silver prices. An excerpt from his interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/24_Th...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committeee Inc.
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