Euro Debt Crisis is Good for Gold and Silver: Sprott
Money Manager Charles Oliver

post from Jutia Group on 13 June 2012 03:34:35 PM. © Jutia Group

The Gold Report: Last February, you forecast that stocks would rebound in 2012. What signs indicate that’s about to happen?

Charles Oliver: I had expected that the money from the European version of quantitative easing would start to get into circulation and, with the continuing debasement of currencies, be very positive for gold and other asset classes. However, I miscalculated how weak the banks of Europe actually are; most have very weak balance sheets. Indeed, they took most of that money to try and prop themselves up and keep afloat.

Having said that, I maintain my long-term thesis, … [visit site to read . . . → Read More: Euro Debt Crisis is Good for Gold and Silver: Sprott Money Manager Charles Oliver

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