Marcus Grubb, managing director of investment at the World Gold Council, spoke with Yahoo! Finance’s Lauren Lyster about the long-term outlook for gold and the recent price correction. Grubb emphasized that gold is still considered a long-term safe haven asset, whether or not investors consider the global economy to be improving.
“What you’ve seen is a decoupling of the physical gold market and the paper market, driven by futures. What drove the sale of gold around the middle of April was a very big short-sale in the futures market in New York… I think what we’ve seen after this fall in gold is a very song recovery in physical demand all around the world… We don’t give gold forecasts at the World Gold Council, but we feel that the bull market is very much intact.”
Click Here to Watch the Video Interview
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
Gold Bull Market Is Very Much Intact (Video)
Marcus Grubb, managing director of investment at the World Gold Council, spoke with Yahoo! Finance’s Lauren Lyster about the long-term outlook for gold and the recent price correction. Grubb emphasized that gold is still considered a long-term safe haven asset, whether or not investors consider the global economy to be improving.
Click Here to Watch the Video Interview
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog