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25% of physical gold buyers are crazy, metals executive says
Thursday, February 12, 2015 21:34
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gata.org / From CNN, Atlanta / Thursday, February 12, 2015
A lot of people who buy bits of physical gold aren’t looking to make a bracelet or ring. They buy gold because they believe disaster is imminent.
These investors are convinced gold will spike to $10,000 an ounce (it’s currently around $1,225) when the U.S. government implodes, said Peter Hug, an executive at metals retailer Kitco.
Hug calls these people “crazies” and says they form a substantial amount of the U.S. physical gold market — at least 25 percent. …
… For the remainder of the report:
http://money.cnn.com/2015/02/12/investing/buy-gold-market-fear/
The post 25% of physical gold buyers are crazy, metals executive says appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/02/12/25-of-physical-gold-buyers-are-crazy-metals-executive-says/
