Gold – The Trade of the Year (Audio)
GoldSeek Radio spoke with Peter Schiff last week about the state of the gold market in 2014. Peter explains that now is the time to buy physical gold, before the market wakes up and realizes it isn’t going down much further.
I think the Chinese officials are being dishonest with respect to their holdings. I don’t think they want to tell the world how much gold they own, because then they won’t be able to buy much more of it. Because no one will want to sell it to them once they appreciate how much they have and how much they want to buy. So I think they want to keep their asset size under wraps.”
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Gold is an investment for every share marketer person. The gold industry is subject to speculation as are other markets, especially through the use of futures contracts and derivatives. Lets see how mach effect it will gives us till the market wakes up.