$22,000 – $50,000 Gold Required To Salvage World’s Debts & Derivatives

Written by Mark O’Byrne (goldcore.com)

The current meltdown of the world’s debt bubble is likely to continue in the course of the next months and Hugo Salinas Price, Mexican business magnate, investor, and philanthropist and the president of the Mexican Civic Association for Silver, believes that the salvaging all debt and derivatives might require a gold price as high as between $22,000 and $50,000 per ounce.

Price believes that gold will soon help balance international trade, discipline government budgets, and re-liquefy debt that is becoming unpayable. Salinas Price’s commentary is headlined “The Coming Revaluation of Gold” and it’s posted at the civic association’s website, Plata.com.mx, here.