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When will Americans get on board having their own personal gold standard?
*Dow Theory Letters, by Richard Russell, April 5, 2010
”The great bull market in gold is in its tenth year. The incredible thing about this bull market, is that it is still ignored by the media and by the public. At the same time that it is hated by the central banks, although ironically, they are now actually buying gold. On top of that, the sovereign funds of the various nations are adding gold to their currency mix. Since the year 2000, the best asset class to be in was precious metals and gold. Yet, never was a huge bull market so ignored, so dismissed, and so disliked. Even today, after rising from 250 in 1999 to 1120 today, only a tiny fraction of Americans own so much as one single gold coin. Most Americans have never seen a gold coin. And I ask myself, how long can this go on?”
*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.