Greyerz - Gold to Hit $3,500 - $5,000 in 12 to 18 Months

"Today Egon von Greyerz told King World News, “The credit bubble we’ve had, for at least 40 years, is going to accelerate dramatically, and the failures in the system will continue.” Egon von Greyerz, who is founder and managing partner at Matterhorn Asset Management out of Switzerland, also said, “I see gold reaching $3,500 to $5,000 in the next 12 to 18 months.” 

Here is what Greyerz had to say about the ongoing financial crisis and where we are headed: “There is a fire in almost every country in Europe. The US is going to catch fire also. There will be a catalyst coming soon, probably some concerted action of QE or money printing between the Fed, IMF and the ECB. That will happen as a result of the economies, worldwide, collapsing.”

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/13_Greyerz_-_Gold_to_Hit_$3,500_-_$5,000_in_12_to_18_Months.html