With tremendous volatility in gold and silver, today KWN wanted to speak with the firm that is calling for $10,000 gold to get their take on what readers should be focused on at this point. Paul Brodsky, who co-founded QB Asset Management Company, had this to say about his firm’s strategy and where he sees things headed: “The macroeconomics behind gold have never been more attractive. When we look at bank assets versus base money, across the world, it makes sense that they (precious metals) are fundamentally cheap.”
Paul Brodsky continues:
“It’s interesting we tend to have these takedowns every so often. When that happens, those of us who truly want to be long-term holders of precious metals see that as a buying opportunity. So when we see paper derivatives taking down the spot prices of gold and silver, we take a look at where we can buy physical (gold & silver) and where we can buy miners, which is, of course, physical in the ground....
MORE
No comments:
Post a Comment