"QE indefinite. That money hasn't even hit the market yet. The Fed's going to be very aggressive here with $40 billion a month indefinitely keeping interest rates low until 2015. I think gold is still a good value here and a good bang for your buck, if you will. I also like the CFTC report which indicates for the last five weeks we've seen a net gain for large specs. So smart money is piling in. Unless we break $1,620 on the downside or perhaps even way down to $1,520, I think you buy the dips on this trade. ...
"It plays a good part of a balanced portfolio. Commodity prices have not hit the super cycle. If we keep rates relatively low for a long time, inflation at some point will creep up. And, listen, this is a great way to balance many people. Buy the dip, Simon, take the trip. ...
"It plays a good part of a balanced portfolio. Commodity prices have not hit the super cycle. If we keep rates relatively low for a long time, inflation at some point will creep up. And, listen, this is a great way to balance many people. Buy the dip, Simon, take the trip. ...
"I think 11% is a heck of a gain. And, listen, another fundamental part is central bank buying gold to the tune of 400 metric tons per year and that's a gain of almost 100%, according to the World Gold Council. I think these guys are buying gold and it's always going to be a currency, so I think the analogy with the S&P, the Apple and the gold really doesn't hold. I think at some point you're going to see gold take off faster than Apple, if you can believe that."
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