But if you are prepared to take the risks of making an investment in the mining shares, they are indeed undervalued, and one rarely goes wrong when buying undervalued assets. Lastly, I remain bullish on both gold and silver, even though they remain stuck within the trading ranges that confined them for two years now.
Central bank policies around the world are debasing the currencies and making precious metals a safe haven. This is the key factor which has driven gold higher for 12 years in a row. Given that the interrelated bank solvency and sovereign debt crises are still with us, though somewhat subdued at the moment, I believe safe haven buying will drive the precious metals to new all-time highs this year.”
- James Turk via a recent King World News interview, read the full interview here: