“The demand coming from China boggles the mind. Imports of gold through Beijing were somewhere on the order of 100 tons a month last fall.”
by Henry Bonner, Sprott Global:
Charles Oliver joined Sprott Asset Management LP in January 2008. He focuses on gold and silver investments as a portfolio manager for the Sprott Gold & Precious Minerals Fund and the Silver Equities Class.
When I spoke to Mr. Oliver last summer, he said the weakness in the gold price in the face of unprecedented money printing from the Fed had taken him by surprise.
Have we passed a decisive point since then? Is gold heading up?
“I believed throughout 2013, with the price of gold coming down, the fundamentals were only getting better,” he answered.
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