Wednesday, April 17, 2013

Don Coxe: “The Collapse In Gold” – While Gold Regroups, Central Bankers Will Continue The Inflationary Process

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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