Why Gold Looks an Even Better Bet

Gavin Wendt

MineLife

I saw a US election analyst commenting that "the mainstream media got the mainstream wrong." Seems to be the way in the modern age - perhaps too much attention is paid to social media discussion to try and gauge voter mood. Many who feel marginalised are too busy working 3 or 4 jobs to spend any time on social media! Ordinary Americans haven’t enjoyed the fruits of a runaway sharemarket – in fact their situation has deteriorated since the GFC. They didn't cause the mess, but they're the ones who’ve suffered with lost jobs and savings wiped out with zero interest rates (if they've got any money left). The biggest concern lies in the fact that financial markets have become so heavily dependent on QE and artificially-suppressed interest rates. This means it is now very difficult for the Fed to reverse these policies without major repercussions. All of this of course is good news for gold, which remains the ultimate ‘insurance policy’ for investors - which has stabilized and strengthened during 2016 - and is set to go higher.


Gavin Wendt
Gavin Wendt
Founding Director
MineLife

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment