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Does 2013’s gold price correction offer a superior acquisition opportunity?
*Barron's, by Lauren R. Rublin & Fred Hickey, February 3, 2014
”Hickey: …My second pick is gold, which I have recommended for several years. It had a terrible year in 2013, falling 28% after 12 consecutive up years. It’s like seeing a stock go from $2.50 to $19 to $12. There are corrections in big secular bull markets. Gold had one in the 1970s, when it fell 46%. Then it went up eightfold. In a money-printing environment, the secular bull market in gold isn’t over.”
*This information is solely a highlight of the opinion of a third-party publication and is incomplete. Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.