Rick Rule: Look For Sharply Higher Gold & Silver Prices!

• Rick Rule – Look For Sharply Higher Gold & Silver Prices! 
  by www.kingworldnews.com
  Today Rick Rule told King World News that all of the global money printing, “… will eventually manifest itself into higher precious metals prices, and most likely sharply higher precious metals prices.”  Rule, who is now part of Sprott Asset Management, also spoke about the rally in gold, silver, and the shares.
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  But first, here is what Rule had to say about the ramifications of more money printing:  “The money being created has to find its way into something.  I guess there are two choices.  It could find its way into a default cycle.  In other words the newly printed money would replace money that’s gone to ‘money heaven’ as a consequence of defaulting bonds, if you have a market clearing event.”
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  “The second option is the money finds its way into the prices of goods and services by way of inflation.  The certainty is that we have to reckon with the debt we have.  So we may take the other default option and inflate away the price of the bonds. Given, from my point of view, the job of government is to redistribute, lie, steal and cheat, it seems to me that the likely method they will choose, the method that has the greatest yield to politicians, will be to inflate away the obligation over time….
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