Central Planners Greatest Fear, Possible Surprises & Gold
October 24, 2012
Today Rick Rule warned King World News that the central planners’ greatest fear may be coming true, that their money printing is no longer having any economic impact and they are now pushing on a string. Rule also discussed possible surprises going forward, Germany’s gold, and why he remains a strong buyer of gold.
Here is what Rule had to say: “The action here in gold is not unexpected with the stronger dollar. You will note that the major markets are off the last couple of days, as well as commodities and most peripheral assets. But I continue to believe that buying bullion on weakness is a prudent thing to do, and probably a profitable thing to do as well in the one-, two-, and three-year time frames.”
Rick Rule continues:
“For those who like to accumulate gold, you need to view these price declines as an opportunity. From my point of view, I am going to be a systematic buyer of gold until I see the system begin to heal itself, which leads me to believe I will be a buyer for a long period of time.
One of the many bullish factors for gold are the problems in South Africa….