In response to the outright fear and panic displayed in the gold market today, legendary investor Don Coxe, Chairman of Coxe Advisors LLP, and former advisor to the $540 billion BMO Financial Group, stepped up and shared a reaffirming statement for battered gold bulls.
Don indicated that, “Gold was ready for a pause. While it
regroups, the politicians and central bankers will continue to devote
themselves to making it absolutely necessary [to own]. Because of our
confidence in those money-printers and deficit ‘increasers’…we expect to
rebuild our gold exposure…and therefore believe gold’s peak price will
eventually be far above its previous high.”
Here are Don’s comments, in their entirety…(more)
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