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Gold Investing Videos – Blanchard and Company, Inc.
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Gold Investing Videos from Blanchard and Company, Inc.
Gold will bust big move as Fed eases “until kingdom come”
“I’ve been negative for probably a year and a half on gold, but I think there’s a time, there’s a place, and certainly a price for every asset class,” Seabreeze Partners chief Doug Kass tells CNBC May 30. “They’re going to keep on easing until kingdom come. The more money that is pumped in, the worse for the U.S. dollar. I think the U.S. dollar strength reverses and I think gold makes a several-hundred-dollars-an-ounce move.”
“Triple whammy” could send gold to new highs this year
A “triple whammy” of a “horrible” GDP report, a renewed debt-ceiling crisis, and a potential U.S. credit downgrade could send gold to $1,600 by August and ultimately back above $1,900, Women’s Investment Network CEO Natalie Pace tells Fox Business. “That’s going to make investors scared of Wall Street and they’ll start falling back in love with gold.”
Gold ETFs are just “a piece of paper,” not real gold
“People are still holding onto their gold coins, and most of the mints around the world are weeks behind in the production of these gold coins,” Euro Pacific Capital’s John Browne tells Fox Business in a May 21 interview. The “GLD (ETF) is going down because speculators are selling it, but that’s a piece of paper. … I would rather have gold coins if I’m investing in gold as opposed to trading. … We’re heading toward a catastrophe.”
Buy gold because the stock bubble is going to burst
“Gold will protect you over time from the folks at the central bank that think that monetizing government debt and debasing the currency will lead to a happy ending,” Fleckenstein Capital chief Bill Fleckenstein tells Fox Business in a May 23 interview. “It will not, OK? The same people that brought you bubbles and the crashes that came after them are going to bring you another one.”
Gold dip: “Investors around the world seeing this as a huge buying opportunity”
Mid-April’s gold correction generated a “huge consumer demand response around the world,” World Gold Council executive Marcus Grubb tells Bloomberg in a May 16 interview. However, “it’s a very dichotomous market. You have a bearish position with some Western investors in the futures market, and you have consumers and other investors around the world seeing this as a huge buying opportunity and piling into the market. ... I don’t think this (dip) represents an end to the gold bull market.”
“Unless you own physical gold, you do not own gold”
“Unless you own physical gold, you do not own gold, pure and simple,” trader Neal Greenberg tells Fox Business in an April 19 interview addressing gold’s recent correction. “You own a piece of paper that says you own gold. And if it really hits the fan, good luck trying to get to that gold.”
Gold can hit $5,000, mining guru says
“In the last cycle, from 1970 to 1980, gold went from $40 to $800, so -- 20-fold increase,” McEwen Mining Chairman Rob McEwen tells Fox Business in an April 4 interview. “Apply that to the 20-year low we had in 2001 of $250 an ounce, you’re at $5,000.” What else is driving gold there? “Massive quantitative easing and huge levels of debt being incurred by the government.”
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