Expert Changing His Tune on Gold
2013 has been a rough year for gold.
Many investors and financial experts have advised to
sell gold shares (GLD), due to the declining price of the precious metal.
However, some of
those experts are changing their tune and...
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Expert Changing His Tune on Gold
2013 has been a rough year for gold.
Many investors and financial experts have advised to
sell gold shares (GLD), due to the declining price of the precious metal.
However, some of
those experts are changing their tune and advising people to start buying gold again.
Seabreeze Partners President, Doug Kass, has publicly stated his disapproving opinion of
gold and investing in GLD in the market.
However, he recently indicated that buying gold is
a good idea, admitting the gold’s intrinsic value makes it difficult to evaluate, and that he
sees gold as a good investment for current investors.
The reasons are due to gold’s current low price and the current negative sentiment by the
financial world against gold.
This creates an opportunity for investors.
Gold’s long term
historic performance, combined with the current low price, makes a gold investment a low
risk, according to Kass.
He indicates that the reward potential outweighs the risk.
Kass also
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