Is now the time to buy gold?
Victoria Hewitt-Marsh, News Editor
4 Feb 2014, 2:55 p.m.
Chief economist at Casey Research Bud Conrad has outlined why he is convinced now is the best time to invest in gold. Bud cites continued physical demand from Asia, depleting Comex inventories, Germany’s decision to repatriate their gold and shortages in the gold market as reasons why investors should be buying physical gold.
Bud also added “now is the time to stake your claim in gold, we know that paper money will become worthless in the short term, the biggest seller has just shifted its actions to becoming a buyer. That makes this a good time to accumulate gold and gold mining stocks before a major shift upwards in the price.”