Gordon Long - Gold Price Will Explode When System Breaks

usawatchdog.com  ( Original )
SEP 27, 2017

Please Join Greg Hunter as he goes One-on-One with investor Gordon Long, founder of MATASII.com

When is it all going to come crashing down? Long predicts, “I think there is a scare coming this fall.  That scare will allow central banks to start more quantitative easing and other programs.  They will be guaranteeing the markets and guaranteeing assets because they can’t have this pension system collapse, and it’s all in the stock market.  I think we are talking about the spring of next year.” (When it all totally implodes.)

So, when we come out on the other side . . . there will be a massive revaluation in the U.S. dollar. . . .  Gold could jump to $5,000 or $10,000 an ounce or something like that. . . . It will be massive.  They will have to put some stability in the monetary system, and the only way they can do it is having something they cannot print.  This is what has gotten us into this problem.  We have to get back to sound money.  It will have to be gold.  What percentage of backing will determine what the value the gold will be.”