Saturday, February 1, 2014

Is Gold a Safe Have Against Risk?

Investors who are dumping gold have short memories. Gold is a very wanted commodity – so wanted that India had to stop its people from buying it.

Analysts like to say there is no interest in gold. There may be none in the Western world because the Western banks are the ones who promulgate this nonsense that gold is not the appropriate asset to have. We will wait to see what happens for the next few years – gold versus the stock market. The beauty of a stock market is that it can go on for a long time while being completely wrong.

For instance, we will probably end this quarter up just 1 percent. Every year, the market believes that we will see a recovery. Every year, they end up disappointed. How much longer will the market believe a recovery is around the corner?

- Source Eric Sprott: