Gold News

Gold investment is a 'shining beacon of safety'

Independent investor and commentator Christopher G. Galakoutis has expressed his faith in gold as a long-term investment, despite the recent strengthening of the US dollar.

Mr. Galakoutis, who runs the macroeconomic commentary website MurkyMarkets.com, has expressed his surprise that the paper currency continues to grow, despite reports of dwindling gold supplies and delivery delays.

He has dismissed the notion of investors moving towards the dollar, and has instead explained that buying gold now will prove to be the most prudent strategy in the long run.

He said: "Investors are choosing to buy the dollar and dollar denominated investments despite the fact negative real interest rates prevail in the US.

"That is akin to fleeing one burning building into the 'safety' of the inferno next door, completely ignoring the shining beacon of light and safety that is gold."

Mr. Galakoutis also alludes to the fact that investing in gold has often been criticised due to its failure to pay interest, but he explains that such a scenario is always preferable to negative interest rates.

He added: "When the markets finally come to their senses, those brave enough to have stuck it through should be richly rewarded."

Researching your first Gold Investment today? Don't pay more than you should! Make it cheap, simple & ultra-secure at BullionVault...

BullionVault-cube-18774057-ADNFCR

See all articles by Gold Bug here.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn

 

 

Market Fundamentals