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Why Gold is the best buy for investors right now

Posted on 04 July 2013 with 3 comments from readers

What should investors be buying this summer? It’s very simple: gold. The recent price collapse is a massive buying opportunity. Of course, that is always easy to say and hard to do after a price correction, and that is why very few investors actually get rich.

Lear Capital CEO Scott Carter discusses the price of gold with a very skeptical Deirdre Bolton on Bloomberg Television’s ‘Money Moves’…

Posted on 04 July 2013 Categories: Gold & Silver, Investment Gurus, Video Channel

3 Comments posted by readers:

Comment by Andy - 04 July 2013

What he said in the last minute of the speech where he said that it can go to $1300,$1400 or $1500 in 4-5 years. So basically we could wait 4-5 years before it hits $1300 again. 4-5 years before it hits $1300 does not sound too good but as he said one can basically have some Gold in their portfolio and I think he meant a very small portion of their portfolio if one has to wait 4-5 years before it recovers its losses from $1300 (Ouch…)

Comment by bob - 05 July 2013

Bank of England and European Central bank both just said that they will keep IRs low for years to come – why hold gold or silver in that environment? Money will flow into shares for growth and dividends.

Silver looks about to retest 19 on the way down.

Ed Note: Yes just like 2008 you can utterly rely on the central banks to do what they say to the letter! Believe that and you are a complete fool…

Comment by Andy - 05 July 2013

Bloodbath for Silver and Gold today. Both look like they will make new lows soon. Best to sell the pops on these two commodities these days.

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