The World’s Best Gold Experts: “Buy and Hold!”
excerpt:
BG: How volatile do you expect gold to be? What's your low price that would present a good buying opportunity?
Rick Rule: Volatile on steroids! If we have a replay of the liquidity crisis of 2007-2008, gold could crack $1,000 on the downside. I don't time these things; I build cash when values in other sectors are not available, and bullion for me is a form of cash.
James Turk: I do not expect gold to be volatile. It looks to me that the gold price is ready to accelerate to the upside, and I do not expect there to be any significant price corrections because the demand for physical metal is just too strong. There is always a lot of money on the sidelines ready to buy any dip.
Any price below $1,500 represents a good buying opportunity because I do not expect gold to remain below that price much longer….
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