I hope I am not breaking any forum rules by posting this video. But....Check out this video. A prediction and the rational of gold to $6K: http://www.bloomberg.com/video/could-gold-hit-6000-mgxclTwwRymeZBdeZVXc7g.html
Just for clarity, I will post for those the nature of the business presenting this: "Hinde Gold Fund is a managed gold fund that maintains a long bias. The Fund offers investors the opportunity to seek the preservation of capital, against the potential erosion of the purchasing power of fiat ‘paper’ money. The core of the Fund’s assets are held in the form of allocated physical gold bars stored in the secure vaults of Bank Julius Baer (BJB), a private bank in Zurich, Switzerland. The Fund targets a significant return in excess of its designated benchmark, the USD spot gold bullion price". In other words, gold salesmen. Not trying to be rude Jim, and I hope you do not object. I just thought I would let viewers know where they make their money. Always important information. Btw, they are down 8.53% mtd, down 10.24% ytd, (all information from their own website).
Heck, no, I don't object. Transparency is important. I thought I did hear him say that the gold fund was just one of the funds he manages though.
