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Is gold undervalued?
*Barron's, by Lauren R. Rublin & Fred Hickey, February 3, 2014
”Hickey: There are a lot of ways to value gold. It is clear to me that it is undervalued when Goldman Sachs says 20% of existing mines are non-economical now. A lot of gold mines, particularly in South Africa, have high costs and are shutting down. We are going to have production declines, starting in 2015. If the price of corn is so low that you can’t grow it, it is too low. It’s the same with gold.”
*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.