Gold
$1,803.00
+4.00
Silver
$19.42
+0.39
Platinum
$844.00
+8.00
Palladium
$1,999.00
+9.00
800-444-8317
800-444-8317
Explore Monex

Why are you such a strong advocate for gold as an outstanding long-term investment?

Robert Wiedemer
May 6, 2015
Video Transcript

I like gold long-term for very obvious reasons--It's not interest rate sensitive. So, stocks and bonds are interest rate sensitive...oh and real estate. That's why I put them in one category and gold in another, not because gold is shiny and looks good and so forth, but because it's not interest rate sensitive. So, when interest rates go up, which I think they will. I do think money printing will create inflation. I do think that will push up interest rates.

The idea that we'll always have low interest rates, I think is a fantasy. I think they will go up. I certainly grew up in a period where 6%, 7%, 8% was typically normal or very normal and even 14%. That would crush these assets. That's natural, that's normal; you learn that in business school. At the same time, gold goes up. It's really just almost business school economics, when you have that sort of situation. That's what is going to happen. You may or may not agree that we'll have that situation, but I think...ask yourself, "Do you really think low interest rates stay here forever?" Certainly not happened in any industrial economy over the last 100 years. Interest rates are very artificially low and what we're doing to keep them low will inevitably push them up.

READ MORE +

Never Miss Investing News from Monex

Sign up to receive our emails.
  • This field is for validation purposes and should be left unchanged.

See What Investors are Saying About Monex

Thank You!
Want your kit sooner?
Faster delivery is available by phone.
800-444-8317
Get Your Free A New Decade for

Precious Metals Investing Report

  • All form fields are required

  • Privacy Policy
  • This field is for validation purposes and should be left unchanged.
Download Your Report