Question: I was reading in another journal that gold prices are about to boom, and that particular company was urging clients to buy big on the gold market. What is your view on this trend?
Answer (By Paul Rickard): I have never been a gold bull, and can’t see why I would change that opinion.
In US dollar terms, the gold price is near its recent low. Interest in US dollars and rising US interest rates are working against gold. I expect this trend to continue. Sorry, I don’t agree.