Egon von Greyerz tells King World News:
“I think this move will continue and we should see at least $2,000 by the end of March. It’s obvious why, since we last talked the Greek package has come and gone. Everybody who understands this knows it has failed.
"What central banks around the world are trying to do, the Titanic, the world economy, is sinking and they can’t even rearrange one deck chair. The one deck chair is Greece. Greece isn’t solved. In the end Greece will default.
"In the last eighteen months world money supply has gone up by $10 trillion. There is massive money printing taking place worldwide. So, central banks are doing this, but it is the wrong remedy because we are not going to solve anything by printing.
"The forest fire actually needs to burn the whole forest down. This what needs to happen to the whole world economy. We need to reset the world economy and start again. Iceland is the best example of that and this is what needs to happen to the whole world...."