'I don’t think I have actually ever seen people so negative and disinterested in the subject, which I think represents one of the greatest buying opportunities in history.'
We believe that the manipulation of gold prices by central banks cannot continue in 2014. Therefore, we expect substantial increases in the price of precious metals as the true shortages become obvious.
Central bankers around the world have made their intentions known about how they plan to manage their foreign exchange reserves, giving investors a rare glimpse into how to manage their own portfolios.
I urge the leaders of the World Gold Council, for the benefit of their own members, to improve the quality of their data and find alternative sources than the GFMS, which paints a misleading picture of the real demand for gold
Owning an asset that is no-one’s obligation and has no ties to the financial system would seem to be prudent at a time like this, so why hasn’t gold performed better?
