Does a gold car count?
(Telegraph) You’re insane if you don’t own gold, investors told
11 Jan 2011
Not owning gold during the current financial turmoil is “a form of insanity”, according to an investment analyst at a leading City firm.
Robin Griffiths, a technical strategist at Cazenove Capital, told CNBC: “I think not owning gold is a form of insanity. It may even show unhealthy masochistic tendencies, which might need medical attention.” He added that the dollar was heading for “oblivion”.
Mr Griffiths predicted that gold’s 10-year bull run would continue and even intensify. “Although it’s been a top performer for each of the last 10 years, it’s still in a linear trend,” he said. “Eventually it will go exponential and make more in the last little bit than the whole of the 10-year trend.”
(See the article in full here)
Also see How Can You Get a Black AMEX?, HSBC Doubles Salaries to Beat Clampdown on Big Bonuses, Is the Crisis Over if Bankers Get a £10.1m Bonus? and Did Goldman Sachs Create the Food Crisis?
