Ben Davies: Buy Gold, The Only Option Left is to Print Money
October 7 — With gold still near $1,640 and silver at $31, today King World News interviewed Ben Davies, CEO of Hinde Capital, to get his take on the crisis in Europe and where the gold market is headed. When asked about the situation in Europe, Davies responded, “Mervyn King stated on the television the other night that he believes the the financial situation is far greater than what loomed in 2008. Of course he is going to say that because he just opened the monetary spigots, but he’s right. There is no doubt that what I think we are experiencing is potentially the death throes of fractional reserve banking.” Read more.
