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Rick Rule – Here is Why Gold is Soaring & Stocks are Tanking

from King World News

With stock markets tanking around the world, and gold and silver soaring, today King World News interviewed one of the wealthiest and most street-smart pros in the business, Rick Rule. Rule lets KWN readers know why gold exploded today and also commented about the rise in gold by saying, “What took so long?” He also issued a warning about the fragility of the global financial system. Rule, who is now part of Sprott Asset Management had this to say about what is happening: “My temptation is to say, what took so long? The global macro news has been bullish for gold for some time. The markets response has been ‘out of the euro, into the dollar’ and since gold is denominated in dollars, this has led to gold price weakness.”

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