Quote
"Going forward we see this current lack of stability leading to a euro zone bailout in some form which will involve the creation of more Euros, in the miss-placed belief that liquidity is the cure for insolvency, which it's not. On the other side of the pond it is election year and so QE3 is only a matter of when and not if. As if the world wasn't awash with enough paper money we are about to be flooded with more of it. We expect QE3 to make an appearance by the end of June, thus continuing with the debasement of the US dollar.
At this point gold will embark on a serious rally as the buying power of these currencies sink and investors look for a safe store for their wealth and the preservation of their capital. Gold is well under $1600.00/oz and by the end of the year we expect to see it at the $2000.00/oz. So, in terms of what you can action today, buy gold. We are slightly different in that we are looking for leverage in this rally and although the gold producers are starting to move we do not wish to increase our exposure to the mining sector just yet. Our preferred vehicle is via the options trading route where we believe that if we remain patient enough and get the timing right the profits generated will be truly astounding."
http://www.kitco.com/ind/Kirtley/20120525.html
"Going forward we see this current lack of stability leading to a euro zone bailout in some form which will involve the creation of more Euros, in the miss-placed belief that liquidity is the cure for insolvency, which it's not. On the other side of the pond it is election year and so QE3 is only a matter of when and not if. As if the world wasn't awash with enough paper money we are about to be flooded with more of it. We expect QE3 to make an appearance by the end of June, thus continuing with the debasement of the US dollar.
At this point gold will embark on a serious rally as the buying power of these currencies sink and investors look for a safe store for their wealth and the preservation of their capital. Gold is well under $1600.00/oz and by the end of the year we expect to see it at the $2000.00/oz. So, in terms of what you can action today, buy gold. We are slightly different in that we are looking for leverage in this rally and although the gold producers are starting to move we do not wish to increase our exposure to the mining sector just yet. Our preferred vehicle is via the options trading route where we believe that if we remain patient enough and get the timing right the profits generated will be truly astounding."
http://www.kitco.com/ind/Kirtley/20120525.html
