What Really Irks Me...and WTF
posted on
Oct 28, 2012 03:04PM
What really irks me, is that only about 1% of the world's investment assets are now in gold or gold equities. In 1980 the figure was about 14%. Dr. John Wollstencroft spoke about this recently to Dominic Frisby. So, in a phrase, WTF is going on ,if according to Dr. John, a recent Gallup poll showed the 30% of Americans think gold is a good investment. In any event, if the 1% gold asset allocation should go to 1.5%, we'd see a 50% rise in the price of gold. Now, wouldn't that be something? Over $2,500 gold and Tyhee with a NPV over one billion dollars.