You either believe in magic, or you believe in maths. So said Brent Johnson, CEO of Santiago Capital at the recent Gold Investment Symposium held in...

You either believe in magic, or you believe in maths. So said Brent Johnson, CEO of Santiago Capital at the recent Gold Investment Symposium held in Sydney. The comment was in reference to why he, a Wall Street guy first started buying gold for himself and his clients many years ago, and why he still does today. It's not about being all in - for despite what you might read - one need not be anti stocks and bonds to be bullish gold, but simply holding a sensible allocation to the ultimate diversifier and wealth protector Not surprisingly, with the price well below its 2011 cyclical high, attendance was well down, and sentiment was also unsurprisingly subdued, even in a room full of gold bulls (and OK i admit it - some gold bugs too - YES - there's a difference). From a contrarian point of view thats good news of course, and helped affirm, for this gold bull at least, that we're on the right track holding (and occasionally accumulating more) metal, provided you're the buy and hold type. Detailed thoughts here (VIEW LINK)