Waiting for Gold’s Big Wave
Posted by Investment Rarities on September 3rd 2010 in CFTC, Federal Reserve, General Economy, Gold, IMF, Monetary Policy, Short Sellers, Silver, Wall Street | Be the first to comment!In an interview with The Gold Report, Casey Research’s Louis James, who recently wrote about a family member’s gold awakening, touts the virtues of physical gold and silver, including the American Buffalo gold coin, and discusses some unorthodox storage strategies.
He also contends that “In spite of the news that gold has made, it’s not seen as an important instrument of investment by most people. If you’re a gold bug or you’re somebody who is already interested in the sector, you see advertisements on the Super Bowl and say, ‘Oh, wow, this is really catching on! This is going to be like the ’70s and the wave is coming.’ … I believe there will be a wave. But I am not sure we’re even in the beginning stages of that crest yet.”
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