The gold bugs are swarming!
"It's not that gold has changed, but gold buyers have changed," said Suki Cooper, a precious-metals strategist for Barclays Capital. "It's a structural shift we’re seeing on the investing side, from Asian central banks right down to individual investors buying ingots and coins."
At $1100 it may not have hit its peak:
“Adjusting for inflation, gold would have to top $1,885 to set an all-time record.”
It is just an investment tool.
"I have never been a gold bug," Paul Tudor Jones, the prominent hedge fund manager, told his investors last month. "It is just an asset that, like everything else in life, has its time and place. And now is that time."
But, for how long?
Read more at: Gata.org
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