Boockvar – What Is Happening In The Gold Market Is Remarkable
Today one of the greats in the business noted that what is happening in the gold market is remarkable.
Today one of the greats in the business noted that what is happening in the gold market is remarkable.
Today the man who has become legendary for his predictions on QE, historic moves in currencies, warned King World News about a total recipe for disaster that will make people’s life savings disappear in the blink of an eye.
Today King World News spoke with a legend in the business who helps oversee more than $188 billion, and what he had to say about central banks and the inflation/deflation debate was fascinating.
Rob Arnott: Chairman & Chief Executive Officer of Research Affiliates – Rob’s firm RALLC manages and licenses over $180 billion and also sub advises mutual funds and ETFs for the Schwab Funds, Powershares and Nomura. He is also portfolio manager on the PIMCO All Asset and All Asset All Authority family of funds and a suite of PIMCO products based on the Fundamental Index® approach….
Rob Arnott: Chairman & Chief Executive Officer of Research Affiliates – Rob’s firm RALLC manages and licenses over $180 billion and also sub advises mutual funds and ETFs for the Schwab Funds, Powershares and Nomura. He is also portfolio manager on the PIMCO All Asset and All Asset All Authority family of funds and a suite of PIMCO products based on the Fundamental Index® approach….
With the price of gold surging more than $10 and the dollar tumbling, a warning has just been issued by one of the legends in the business.
Since there was not a lot of movement in major markets today, here is a little something to break the ice.
On a fairly quiet day in the markets, for those of you who are worried about the recent action in the gold and silver markets, just read this…
One thing is certain, this is not going to end well.
In his King World News interview, Dr. Marc Faber highlighted one metal as having the most upside from current levels…