Eveillard - This Is All A Delusion, I Am Keeping My Gold

"With global stock markets trading higher, today King World News interviewed legendary value investor Jean Marie Eveillard, who oversees $50 billion at First Eagle Funds. Eveillard told KWN that despite “the fact that the stimulus has been completely unprecedented in scope ... the economic recovery seems to be sputtering.” He also discussed the gold market, but first, here is what Eveillard had to say about the ongoing crisis: “There is no doubt that there are major deflationary forces at play. There is also no doubt that the private sector is continuing to deleverage. But in order to prevent the deleveraging of the private sector from sending the economy into a replay of the Great Depression, governments are leveraging themselves.”

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/6/27_Eveillard_-_This_Is_All_A_Delusion,_I_Am_Keeping_My_Gold.html