Thursday, May 1, 2014

The End of This Year is Going to be Good for Gold and Silver

Gold is undervalued. It still has the utility it’s always had for 5,000 years -- it’s money outside of the banking system and a tangible asset with no counterparty risk.’ And when we get through this the gold price will just take off as it did after previous backwardations in 1999 and the low in 2008.

So a little bit more patience is required, but ultimately, I think this is going to be a good year, Eric. The first quarter we were up 7 percent in the gold price. We are down here in April but I think by the end of the year it’s going to be a good year for gold and silver.

- Source, James Turk via King World News, read more here.