Negative interest rates from short to long will support metals

Interviewed by King World News, fund manager Michael Pento argues that gold and silver will not fall much from here because the Federal Reserve has set about making real interest rates negative along the entire time horizon.

Certainly such circumstances will tend to support precious metals prices, but as long as precious metals buyers accept mere certificates in place of their metal or take cash settlement of futures contracts, the gold and silver price suppression schemes can continue indefinitely because imaginary supply can be created indefinitely.

An excerpt from Pento’s interview is posted at the King World News blog right HERE.

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