These Three Things Will Lead to ‘Titanic’ Battle For Gold Prices: Best-Selling Author

Feb 18, 2016

Gold should be part of an investment strategy when everything else turns to ‘merde,’ says best-selling author and derivatives expert Satyajit Das. The sharp-witted author of his latest book, The Age of Stagnation, says that gold can be explained simply by supply and demand. ‘Gold’s supply has contracted and demand has been reasonably stable,’ Das says in an interview with Kitco News. ‘One of the things to look for are countries like Brazil, China and Russia are big holders of gold and they are having financial difficulties, so will they find it attractive to liquidate gold,’ he says. Das explains that China has been a big buyer of gold, but their foreign exchange reserves have fallen by about 800 million dollars, so will they keep buying? He adds that the yellow metal generally does well when the U.S. dollar is weak, when real interest rates are negative and when inflation is present. ‘[T]he problem is you don’t have all those things. ‘[W]e will see titanic battle happening among these three things,’ he says. April Comex gold was last up $3.30 an ounce at $1,214.70. Kitco News, February 18, 2016. (show less)

Gold should be part of an investment strategy when everything else turns to ‘merde,’ says best-selling author and derivatives expert Satyajit Das. The sharp-witted author of his latest book, The Age of Stagnation, says that gold can be explained simply by supply and demand. ‘Gold’s supply has contracted and demand has been reasonably stable,’ Das says in an interview with Kitco News. ‘One of the things to look for are countries like Brazil, China and Russia are big ... (read more)

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.