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Have you debated buying physical gold vs gold shares? Not sure what ratio to keep in your portfolio? Would you like to know the future of global currencies? Unfortunately, we can't tell you the anwers to these questions. But we can lean on the talent that we bring to our shows to get some insight. Scroll down to read a Q & A with Thom Calandra, Cambridge House Editor at Large, as he answers some questions from one of his subscribers.
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Q & A with Thom CalandraThom Calandra, Cambridge House
Editor at Large, answers some questions from one of his subscribers about the future of currencies and the benefitis of gold bullion VS shares.
For reference, the subscriber is a young man from Holland, who has invested his money in gold juniors,(explorers, developers and miners) on the TSX and TSX.V in Canada.Subscriber: Are owning these gold/silver stocks a good way to thrive to the coming crisis or is the only way to succeed the coming years having the fysical gold and silver?
TC: I believe both. 70 percent equities and 30 percent physical. My specialty is looking at the properties on-site. Africa. Colombia. Canada. USA. Mexico.
Subscriber: Will the Euro survive?
TC: I believe the euro will not survive. Sorry about that, but all currencies face challenges.
Subscriber: Will the silver and gold price stay on a high permanent level or will it collapse after the mania phase has ended?
TC: I believe the gold price will never go to its pre-rally lows of $250 or $300. I am confident that because of global population the gold price will never go below $1000 again. Silver will likely never go below $15 again.
Subscriber: When will the silver and gold shares appreciate be substantial, because until now they have not really responded to the rising silver and gold price in a big way?
TC: I believe the rally will start when gold makes its next leg upward to $2400 or so. Perhaps in the next 6 weeks or sooner.
Subscriber: Will we have deflation(deflationary depression) or inflation(inflationary depression) in the world and in the case of deflation will gold/silver stocks also rise?
TC: I am confused on this issue and do not really know what to say. I lean toward deflation -- a grand contraction. of all things. But yes metals equities will do better than most other things. This is why 30 percent physical is important.
Subscriber: Can we expect Israel to attack Iran in the near future and what will be the influence on the gold/silver price and the related shares?
TC: I ignore most geopolitical risk so I do not know.
Subscriber: Is China headed for a crisis also and what will be the effect on gold and silver?
TC: I do not know but will be in China in one week.
Subscriber: How will the new monetary sytem look like and will this be a new global monetary system also for Europe, China, Middle East and Africa, Asia?
TC: I think most currencies will need to have strong gold reserves or strong economic growth to thrive. I have no idea what the structure will look like. I believe we will have various periods of curency crisis where no one will be able to cross-trade them.
