GOLD bulls have had it rough this year but many would have found
solace in the Precious Metals Round Table web-based conference call and
presentation held recently by Sprott Asset Management.
About 6,300
participants logged on to listen to speakers like investment "guru"
Marc Faber — publisher of the Gloom, Boom and Doom Report — and
Toronto-based Sprott chief investment strategist John Embry, a regular
keynote speaker at gold conferences.
The bottom line? Hang on to
your physical gold and gold shares because the point is fast approaching
when the gold price is going to explode.
That prediction is, of course, completely at odds with what has actually
happened in the gold market this year, where the price has plunged from
about $1,700oz to $1,200oz, before recovering marginally to just above
$1,300oz.
http://www.bdlive.co.za/markets/2013/10/07/gold-price-is-bound-to-go-through-the-roof
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