Why Every Investor Should Own Gold

It is a very important component of one’s view of where the gold price is going. The mining industry has not invested in exploration for many years. They’re not finding new ore bodies. We along with others are predicting a significant decline in future production. Forget Buffett – you can argue a bull case for gold just based on supply and demand.

The structure of the gold trading markets is undergoing significant change. For example, the price of gold is a New York price. In Shanghai it is $30 higher. In India it may be $20 higher. The price that we see in New York is not necessarily the price that a mining company or a seller of gold would get. It would not necessarily be the best price.

Why Every Investor Should Own Gold