He sees a sovereign debt crisis unfolding, and advocates for wealth protection in the yellow metal.
‘For gold it’s always simple, because debt never changes, and there’s a debt collapse driven by a sovereign debt crisis, not just in the US, but globally,’ Piepenburg explained.
‘Gold doesn’t rise because it’s in a bull market — it rises because fiat money is in a bear market. And that just simply isn’t going to change … it certainly hasn’t changed yet.’
Watch the interview above for more from Piepenburg on what this situation means for gold. You can also click here to view our Vancouver Resource Investment Conference playlist on YouTube.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.