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May 26, 2011 (Bloomberg) -- Jeff Nichols, managing director at American Precious Metals Advisors Inc., talks about his strategy for precious metals and the outlook for gold and silver prices.
This insightful interview with Jeff Nichols reveals some of the most important long-term investment strategies and benefits physical gold has to offer:
"And gold distinguishes itself over the millennia. Really as the only asset that has attained its value over hundreds and hundreds of years. And I think investors look to gold for that reason; as a store of value, as a monetary asset and something that is a hedge and diversifier and insurance policy against all sorts of risks."
Original video source: http://www.bloomberg.com/video/70231372/
Demand and supply is an economic model of price determination in a market.
Perhaps it is a good long-term investment for those who can afford it, BUT it seems to me that continuous growth of the gold price is clearly due to artificial market manipulation intentionally created by rich and powerful. By escalating people's interest and their further desires, it is obvious why price is continue sky rocketing.
DocWog 1 month ago
MAKES LAST MONTH CORRECTION IN SILVER JUST A BLIP!
hendo19742 9 months ago