Hong Hao predicts that the bottom of silver will be between $75-80 per ounce, and the bottom of gold will be below $5000 per ounce

On February 2nd, Hong Hao, Bloomberg Businessweek's Person of the Year and two time China's Most Influential Economist, stated in an interview with CNBC that the bottom of silver may be in the range of $75 to $80 per ounce, and the bottom of gold may be below $5000 per ounce.