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Nigel Farage – Gold price could double from here

Nigel Farage talks about the gold price, riots and political reform. Nigel has spent 20 years as a commodity broker and trader and is co-president of the Europe of freedom and democracy group.

” I suspect we have not seen the worst yet , I think what happened in 2008 is we deferred the banking crisis it is now coming back to bite” Nigel Farage says ” It is impossible to predict where gold will go but it is not impossible that Gold (gold price) could double again from here , the western world finance are in the most horrifying mess , our banking industry has been allowed to go completely out of control

“…. where would I want my money to be, in gold and silver or bank shares, I think I know what the answer is…”

“… the western worlds finances are in the most horrifying mess, our banking industry has been allowed to get completely out of control, we’ve got a Eurozone crisis in Europe that is far far far from over and if I was long on Gold, yes, I would stay long on Gold… ”

“… They (the people) don’t have trust in the governments, they haven’t got trust in the banks, they haven’t got trust in their own currencies, and we are witnessing a massive shift in power from West to East in the world, aided and abetted by appalling governments in the west… ”

“… difficult to say where things are going but they are probably going to get worse, a lot worse before they get better….”

Watch from 07:12 for Nigel’s comments on Gold Bullion and the Gold Price in the context of an increasingly unstable economic and political environment:

Source: http://www.goldmadesimplenews.com

Posted by on August 20, 2011. Filed under Precious metals. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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