‘No Reason Not to Buy Gold’
Posted by Investment Rarities on September 18th 2011 in China, Federal Reserve, General Economy, Gold, India, Russia, Wall Street | Be the first to comment!
Grant Williams, who has written about the joy of purchasing physical gold in his Things that make you go hmmm… newsletter, is interviewed by Mineweb about “The impact of Asian demand and new investors on the gold market.” He discusses how a new class of investor views gold more as a trade than a currency, how China and Russia “just want to buy gold, they don’t care how they get it they don’t care who sells it to them,” and argues that “gold right now is the stand out currency in terms of a safe haven and as long as we have negative rates there is really no reason not to buy gold. It becomes a question of convince me; give me a good reason why I wouldn’t want to own gold. Tell me why I should own these paper currencies that we can produce at the flick of a switch.”
