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Kiener: Gold Prices To Double On Paper Market Default

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  • Paul Joseph Watson
    Kiener: Gold Prices To Double On Paper Market Default Demand of physical gold outstripping supply as global interest rate cuts lead flight from paper
    Message 1 of 1 , Oct 7, 2008
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      Kiener: Gold Prices To Double On Paper Market Default
      Demand of physical gold outstripping supply as global interest rate cuts lead flight from paper currencies
       
      Paul Joseph Watson
      Prison Planet
      Tuesday, October 7, 2008
       
      Jurg Kiener, CEO of Swiss Asia Capital, told CNBC this morning that the flight from paper currencies as a result of global interest rate cuts will lead to a doubling in the price of gold within a short period, as demand for physical precious metals outstrips supply, causing paper contracts on gold to default.
       
       
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