Frank Holmes, U.S. Global Investors CEO/chief investment officer says that Gold prices can move 15% over any 12 month period "the big bubbles in any sector usually take place with excessive leverage , when gold went $850 in 1980, the futures market was leveraged ten to one ,the bulk of this gold today is not leveraged and you're also seeing emerging market central bankers buying gold. we saw Mexico, Korea, you're seeing a shift and that's basically a cash trade . I think the bouillon ETF is predominantly a cash trade. so we're not in a bubble. we do not have an exponential move , when we look at NASDAQ in the '90s or we look at gold what it did in the '70s , what it did in the '70s."
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Peter Schiff: Coming Japanese Crisis Will Spike Gold - Peter Schiff :"Japan will unleash an inflation tsunami if it tries to keep its bond bubble from... [[ This is a content summary only. Visit www.figanews.co...
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