John Hathaway on gold

John Hathaway knows how to manage gold assets. He is a part of Tocqueville Asset Management and manages four specific gold funds. The firm manages

$8.5 billion in total assets, of which $2.2 billion are physical gold related. Since I began investing in gold in 2001, I have always listened to his advice. This is what he said Monday at a precious metals conference: “We view gold as being in a secular bull market,” Hathaway said. “The biggest issue out there is paper assets and the lack of trustworthiness of governments both on this side of the Atlantic and elsewhere. At some point, it seems to us, there will be serious devaluation of all paper currencies.”

AND THIS on where we are in the gold bull market: ““We’re right in the middle,” he said. “We’ve gone through Stage 2 where gold has finally made it to the front pages (of newspapers). And that, of course, has attracted money flows. We’re now set for a much more rapid increase both in the gold price and in the appreciation of gold shares as momentum investors get into the space.”

Do you hear that? I do. Read it here. Buy gold today at Lear Capital!