Thursday, February 16, 2012

Steve Mandel Rejoins The Gold Party; World Gold Council Chimes In

http://www.zerohedge.com/news/steve-mandel-rejoins-gold-party-world-gold-council-chimes
'We re-established a position in gold during the quarter. Although we certainly have misgivings about an asset that does not produce cash, it seems very likely that developed market governments will try to inflate away their outsized debt burdens, debasing their currencies in the process. Gold is the “currency” that will likely hold its value as these developed world paper currencies engage in a race to the bottom."

1 comment:

  1. Gold parties has been very popular because of the value of gold. Thanks for sharing.

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