GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Monday, October 31, 2011

David Tice Gold headed to $2500/oz & potentially to $5000/oz

David Tice interviewed by Kitco News from the New Orleans Investment Conference 2011 about his outlook for the Gold Market "Gold certainly had a pull back , I think it is headed to $2500 or potentially to $5000 , we are living in a world of fiat money we are having central banks around the world trying to kick the can down the road , we have a problem of too much debt , we have already livt on credit expansion for a couple of decades and now we are in the other end of that , and we are having governments trying to expand their balance sheets through private sector deliveraging , it's trying to keep the wheels on however the wheels are going to come off in my opinion " David Tice said David Tice expects the $2400/oz in a year and a half but it could be in nine months it all depends it all depends on if the authorities are going to be able to retain control or not ....

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