2011-03-09kingworldnews.com

``You probably know back in 2003 I stated in a Barron's interview that the Dow/Gold ratio would be 1 to 1 again sometime between 2013 and 2015. My thinking had been that gold would be $8,000 and the Dow would be 8,000, but now my thinking has changed... I think that my gold forecast was too conservative. Given the way central banks are printing money when they are buying government debt, I think the 1 to 1 ratio is going to be reached at a much higher price... I'm often asked by people when do I think they should sell their gold? I tell them this time around it's going to be easy because you are not going to sell your gold, you're going to spend it. In other words, gold will once again become currency.''


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