Hedge Fund Manager bullish on Gold

With Gold prices breaching all-time-highs, this Hedge Fund Manager maintains a bullish stance on Gold. The reasons are fairly consistent with those that have been following the yellow metal, and is certainly bullish for gold mining stock and gold juniors.

The interview excerpt included the fact that nearly every government world-wide is showing a callous disregard to the fact that they are debasing their currency in favour of propping up economies that can not stand on their own legs. Some may argue it is a very poor sign to see economies fail without this constant infusion of cash. This is not unheard of, majority of the developed countries follow a form of the welfare state which is closet socialism. Socialism doesn’t work, this is merely a symptom of a much larger underlying cause.

When it comes to investing, depending on who you ask this could be the great reckoning that will surely give Gold a once in a lifetime opportunity to go up well over 10x the current price, especially if things keep getting worse and the treatment keeps increasing in magnitude. On the other hand, the opposite can happen and 10 years ago when trillion dollar bailouts first made their appearance on the world stage, there was ample justification to see the same at that point in time. It didn’t happen then.

This time it may be different. 10 years ago they had the opportunity to bring interest rates to 0%. Right now they’ve been shouldering that weight and need to make the next move. Reducing interest rates further is not really an option. Let’s see how this plays out.

All seems very bullish for Gold. It’s not just Gold that’s been seeing a rise in prices, there are other metals that can be played as well.