from King World News
On the heels of the Fed decision and subsequent surge in the gold price, today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned investors to brace for major volatility because the price of gold will eventually move hundreds of dollars in a single trading day.
FOMC & Gold
July 29 (King World News) – Egon von Greyerz: “If you hold physical gold for long term wealth preservation purposes you never have to worry about the Fed’s short term decisions. History tells us that the Fed will continue their mismanagement of the economy and the currency. Due to the Fed’s manipulation and money printing there are now no real markets…