Legendary Pierre Lassonde’s Shocking Predictions For Gold And Silver

"I think the catalyst for this coming mania is going to be China.  The Shanghai Gold Exchange is eventually going to become a real casino.  It has to do with the fact that China today is the largest consumer of gold.  China is pushing really, really hard for the Shanghai Gold Exchange to become the premier gold exchange in the world in terms of the turnover of physical gold.

And with the middle class in China growing every year by a huge amount, the Chinese consumption of gold will also continue to dramatically increase.  China, along with India, is already the dominant force in gold.  We all know the propensity of the Chinese to gamble, and so at some point the Shanghai Gold Exchange is going to become a gambling casino, and this will cause the price of gold to really skyrocket.

Lassonde's Shocking Prediction – You Will See Prices You Never Dreamed Of

It’s not going to happen in America and it’s not going to happen in Europe — it’s going to happen in China.  And you will likely see gold prices that you never dreamed of.  And you are right about the opportunities that you see today.  I’ve been buying stocks in the past three months at valuations that I never thought I would ever see.  In 30 years I’ve never seen valuations so low.  Even though 2/3 of my portfolio is gold, I’m buying more gold because the opportunities here are just."

at http://kingworldnews.com/legendary-pierre-lassondes-shocking-predictions-for-gold-and-silver/