World's Gold Supply Fits In Average Four Bedroom House
I spoke with Bobby Kerr on Newstalk’s “Down to Business” to discuss a range of aspects pertaining to gold supply and the gold market. In the interview, some of the ideas covered included:
- Gold is extremely rare and all gold ever mined would fit in giant bar the size of a four bedroom house
- Gold is a tangible asset which always retains value – unlike paper assets
- Growing Chinese, Indian and Asian middle class provide “fundamental pillar of support” to gold
- Jewelry is not a suitable vehicle for gold investment due to high mark-ups and VAT
- “Something romantic about gold” and a “premium product” said Bobby Kerr
- Risk of further weakness in short term but buying opportunity presenting itself
- History and academic research shows gold a “hedging instrument” and safe haven asset
Click the play button below to watch:
Regards,
Mark O’Byrne
for TheDaily Reckoning
This article was originally posted on GoldCore’s blog, right here.
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