Michael Pento – Here is Why Gold is Soaring After Hours

Michael Pento – Here is Why Gold is Soaring After Hours

Michael Pento – Here is Why Gold is Soaring After Hours
August 26, 2011
With gold soaring, up $50 in access market trading to over $1,820, today King World News asked Michael Pento the reasons for the big move in gold as well as his thoughts on Bernanke’s speech. Pento had this to say when asked about the explosive situation in gold, “Chairman Bernanke reiterated yet again that the fed would do whatever it takes to restore prosperity to the U.S. economy. The academic/politician still doesn’t understand that this is a balance sheet recession and all he has accomplished is to offer inflation along with zero growth.”
August 26, 2011

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