Jan 11, 2011

Robin Griffiths on the insanity of not owning gold

I think not owning gold is a form of insanity, it may even show unhealthy masochistic tendencies, which might need medical attention. Real assets hedge paper money being printed into oblivion, so you've got to own gold and you've got to own other commodity-related investments still. Gold is far from being an overowned trade at the moment, far, far from it. Although it's been a top performer for each of the last ten years, it's still in a linear trend. Eventually it will go exponential and make more in the last little bit than the whole of the ten year trend.

~Robin Griffiths, technical strategist, Cazenove Capital, CNBC Europe, January 10, 2011

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