Five strong items from the 5 Minute Forecast
Hi folks! The first five items in the bullet points from Agora Financial's 5 Minute Forecast were all about gold yesterday. It makes me think a lot about my gold coins as investments.Here are the two most cogent points:
“Add another hedge fund manager who’s coming around to gold.
Joining John Paulson and David Einhorn is Daniel Arbess, who manages the $2 billion-plus Xerion Fund for Perella Weinberg.
“Indebted countries may soon be forced to choose among three politically difficult alternatives: sharp cuts in expenditures, debt default or printing money to pay off debt,” he tells The New York Times, and he sees protection in gold -- an asset he says he didn’t give a second thought a few years ago.”
AND THIS: “That’s a whole lot of new money starting to flood into the “real economy”… and it’s a whole lot of potential for the inflation Daniel Arbess sees -- if not now, then down the road.
Sums up John Hathaway, manager of the Tocqueville Gold Fund: "I just think you're in a world where a lot of chickens are coming home to roost. Gold is an escape hatch."
Well said John Hathaway. I have followed his wisdom since 2003. Do you have an escape hatch? If not, begin accumulating gold coins now.