Monday, July 19, 2010

Windsor Business Staking Its Future on Gold


By Ellen van Wageningen, The Windsor Star
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Bosko Kacarevic is putting his faith in gold.
He is going a giant step further than investors who are buying the precious metal for inflation protection, as insurance against currency collapses and in hopes the price will continue to escalate.
He is staking his livelihood on it. Last month, Kacarevic left a job as a consultant with Investors Group in Windsor to set up his business as an independent gold broker/dealer.
Kacarevic is not alone in espousing the value of gold as one of those assets. U.S. financial pundit Jim Rogers has predicted gold, which is currently selling for over US$1,200 an ounce, is on its way to $2,000. Also still touting gold's glitter is Canada's Sprott Asset Management LP, which started investing in it 10 years ago when the price was around $300 an ounce.   LINK...
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