Biggest Market Opportunity: Gold
You've all read a lot of material from me over the years about where I think gold is going and why... I wanted you to hear from some others:
"We are now into the ninth year of the current bull market in gold. We have had more investors buying more gold for a longer period of time than ever before. They probably will continue to buy even if the economy stabilizes." --Jeffrey Christian, CPM Group.
"Gold would have to reach $2000 to breach its inflation adjusted high set back in 1980." --John Osbon, Osbon Capital Management.
"What is fascinating is the extent to which gold still holds reign over the financial system as the ultimate source of payment." --Alan Greenspan, former FED chairman.
Nouriel Roubini summarized his forecast for the U.S. economy as "death by a thousand cuts."
"According to Mark Mobius of Templeton Asset Management, the lack of liquidity and massive scale of the still-distressed global market for derivatives mean that systemic risk has not been cured by the enormous U.S. fiscal interventions"
"The British daily Telegraph's Ambrose Evans-Pritchard explains: "The misjudgement was to think the banks and insurers were safe because their "net" exposure was modest. That proved to be an illusion." "
"As we were investigating gold more closely our rough calculation of the value of all gold ever mined was about $5 trillion. That is a huge number, but not all that big compared to equities $60 trillion, bonds $15 trillion, or for that matter our government spending plans." - John Osbon, Osbon Capital Management
"As Newmont Mining (NYSE: NEM) CEO Richard O'Brien proclaims: "It's party time now versus a year ago when everybody was in self-reflection mode. The recovery has been pretty amazing.""