Friday, March 16, 2012

Dylan Grice Explains When To Sell Gold (HINT: NEVER!)

http://www.zerohedge.com/news/dylan-grice-explains-when-sell-gold

"Eventually, there will be a crisis of such magnitude that the political winds change direction, and become blustering gales forcing us onto the course of fiscal sustainability. Until it does, the temptation to inflate will remain, as will economists with spurious mathematical rationalisations as to why such inflation will make everything OK. Until it does, the outlook will remain favorable for gold. But eventually, majority opinion will accept the painful contractionary medicine because it will have to. That will be the time to sell gold."

...during the “6000 year gold bubble” no one has defaulted on gold. It is the one insurance policy which will pay out when you really need it to.

CREDIT TO WERNERUL FOR THE LINK

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