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"I don't want to be at war with an investment" - Speaker
Kitco News speaks to Bert Dohmen of Dohmen Research about gold and his bearish case for the metal. According to Dohmen, gold and gold mining stocks are in bear markets and he thinks miners will feel the hardest pinch. Why doesn't he like gold? Dohmen said that, "this is war. I don't want to be at war with the central banks and the major governments of the world that really can't afford to have people think that gold is a better investment than all the paper confetti they are printing. If gold has a strong up move, they're going to do anything to prevent it from going up, and they can! They make the rules." Dohmen says that although he has owned the yellow metal in the past, he now has no gold and he expects prices to go lower. Kitco News, July 16, 2013. (show less)
Kitco News speaks to Bert Dohmen of Dohmen Research about gold and his bearish case for the metal. According to Dohmen, gold and gold mining stocks are in bear markets and he thinks miners will feel the hardest pinch. Why doesn't he like gold? Dohmen said that, "this is war. I don't want to be at war with the central banks and the major governments of the world that really can't afford to have people think that gold is a better investment than all the paper confetti ... (read more)
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