Hang On, Gold Interest is About To Renew - Sandstorm CEO

The prospect of higher economic stress, followed by more equity volatility may prompt investors to reconsider buying back into gold, said Nolan Watson, CEO of Sandstorm Gold.“About a month ago, when the stock market went crazy and the VIX blew up…and it sort of hinted that the global economic system, with record debt levels, is starting to show signs of not cracks but stress,” Watson told Kitco News on the sidelines of the BMO Global Metals and Mining Conference. “And when you have that much money moving around, things start to get a bit shaky, and that’s when people are going to look to gold.”On bitcoin, Watson noted that the cryptocurrency has only hurt gold on the retail investor side, since large institutional investors have yet to allocate large quantities into blockchain funds. “Retail investors that are looking for very quick returns are getting them faster in cryptos and so they’re moving over there, and gold’s less sexy and less exciting right now. I think that we’re going to see a reversal of that once the shine comes off cryptos,” he said. (show less)

The prospect of higher economic stress, followed by more equity volatility may prompt investors to reconsider buying back into gold, said Nolan Watson, CEO of Sandstorm Gold.“About a month ago, when the stock market went crazy and the VIX blew up…and it sort of hinted that the global economic system, with record debt levels, is starting to show signs of not cracks but stress,” Watson told Kitco News on the sidelines of the BMO Global Metals and Mining Conference. ... (read more)

BMO Conference 2018

BMO Conference 2018
From February 25 to February 28, Kitco News will be bringing you exclusive interviews with analysts, experts, and of course, executives of major gold and silver mining companies. Over the years, BMO Capital Markets have consistently attracted prominent investors, analysts and executives by providing valuable forums to explore strategies, trends and opportunities.

Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.