With the gold market consolidating gains after the biggest year-to-date move in 36 years, which has caused investment demand for gold to surpass jewelry demand for the first time in history, what is happening around the world is clearly scaring the hell out of people.
Eric King: “We have negative yields obviously in many parts of Europe, but were you surprised to see investment demand for gold outstrip jewelry demand for the first time in history the past two quarters?”
Peter Boockvar: “I’m not surprised because I think a lot of people like us see what’s going on in the world and it scares them. When you see a German bank a couple of weeks ago saying that they are going to start charging depositors of more than 100,000 euros a fee of up to 40 basis points, which is where the ECB has their negative deposit rate, then that’s scary to people. So I applaud people who are, from an investment standpoint, buying more gold because that’s their best defense against against this monetary mayhem that we’re living through. I’m still extraordinarily bullish on gold and silver. Anybody listening to or reading this (on KWN) knows the reasons why. I’m convinced that we saw the bottom late last year. The catalyst this year is the fact that there are multiple signs beginning to buildup that central bankers are losing control…To continue listening to the incredibly brilliant Peter Boockvar discuss the gold and silver markets, major catalysts for radical change in global markets, what investors should be doing to protect themselves and much more CLICK HERE OR ON THE IMAGE BELOW.
***Also just released: Here Is An Important Update On The War In The Gold& Silver Markets CLICK HERE.
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