Gold To Dwarf 1970s Move By Smashing Through $6,000
January 10, 2013
Today the man that has been meeting for the last two years with key foreign governments and sovereign wealth funds told King World News “… I think my $6,000 target (for gold) is going to prove to be very conservative.” Also, on the heels of the latest Fed propaganda indicating they would cease QE at some point in 2013, he stated, “… it’s perpetual now. There is no stopping it.”
This is the second and final written interview that will be released which reveals what is actually taking place behind the scenes with foreign governments and sovereign wealth funds, and how this will impact the financial world and the gold market.
Sprott Inc. President Bambrough: “I started investing in gold about 12 years ago. After September 11th, (2001 tragedy) the Fed printed $180 billion. I realized the Federal Reserve’s mandate to print with abandon. Any problem that would occur would result in greater and greater amounts of money printing.
When I looked at the situation, back then (12 years ago), I imagined the environment for a bull market was way better than it was when Nixon broke the gold standard in the 70s. At that time it (gold) went from $35 to $850. So it was about a 25-fold increase….