Thursday, October 21, 2010

Guggenheim's Scott Minerd Says Ultimately Gold Could Reach $5,000

Wall Street Journal video link below.

As we have pointed out to many of our client's in the past. This Gold bull market is all about the "confidence" in paper money or paper investments. Gold is your ULTIMATE insurance and you never trade insurance.  BK

  • Gold can never go bankrupt
  • Gold can never be worth ZERO
  • Gold has no liabilities
  • Gold has no counter party risk