Wednesday 8 October 2008

CNBC airs prediction of default in paper gold

CNBC today gave a few minutes to Swiss Asia Capital CEO Jurg Kiener to talk about gold, and he noted the disparity between the explosive physical market price and the sluggish paper market price, blamed the speculation of Wall Street banks for the latter, and predicted the failure of the paper market and the quick doubling of the gold price. You can watch the interview here:


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