In a recent interview held at the Clinton Global Initiative, renowned resource investor, Frank Giustra, emphasized that
All the reasons why gold went to $2,000 in the first place are still there, and in spades.
Frank Giustra supports his argument with these four valid reasons:
- Currencies worldwide are being devalued due to excessive money printing
- Governments are still running deficits
- U.S. debt is unsustainable
- The ramifications that will follow the end of the Federal Reserve’s bond buying program in October are likely to be hazardous to the economy.
Read the full interview here: