Comments
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TMIf our Central Bankers were "Better than that", then Gold could indeed be a relic. However, I think they've demonstrably shown they're not...
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CFIts not a monomania about gold. Its about the risk reward at this point in the business cycle. In a world of Negative rates, excess leverage, excess debt and malinvestment, gold is the safest.
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SDa strange monomania about gold seems to afflict RV viewers (or maybe just commentators) 55 minute interview with 2 very superficiall ones on AU. 90% of commenst on that. Weird.
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LCVery smart man . I get a feeling his last statement will come back to haunt him as its now part of rvtv's historiCal archives.
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AEHe's right as Phil Fisher was right.."If the investigation was done properly, the time to sell a stock is almost never."
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EKLoved the end of the interview. If you think humans are basically good then gold is indeed an embarrassment. If however you have some hesitation regarding the innate goodness of man...
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DPGreat chat and welcome addition here of long only ways/thoughts also retail investor issues as was the recent Merryn Somerset Webb piece. Edward's words 'Wisdom as opposed to Information' = RVTV !?
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CDLong.....
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FTGo long and look for the ball? Made sense years ago. I like the insight to managed fund world and onus on them due to the ETF world of high speed trading. The roll of keeping a diverse talent pool....
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RThmmm, store of value... ingenuity of man... seems like quite some hubris in his appreciation of the fiat money concept - almost of biblical proportions. Blinkered to main issue...Confidence!
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RPMaybe I will live long enough to see a world where Homo sapiens can trust each other and govt. A world without the need for guns gold war manipulation and control We are not there yet! Hold Gold!
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RMFun discussion! Interesting to hear a "long only" perspective - I'm just glad I'm not straitjacketed into that investment environment (I like the ability to short when the probabilities go that way)!
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THBrilliant guy. I don't understand the down votes.
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TR"Gold doesn't yield anything" Setting aside the implied yield in a "- interest rate env." - what about No other currency has a yield either. What they do have is relative value to one another.
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JPThe best part of the interview was his view on gold! The only way it could have been better is if he was short gold and the miners
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JPSome market commentary or discussion of investments and company discussions wound have been nice
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JPGreat 4 minute interview waste of 55 minutes
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SBWatch this video for a discussion of the investment fund incentive and organizational structure, demonstration of empathetic interviewing and overdue expansion of the investment market bestiary.
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PRI loved the Hippo Market analogy, a perfect description, looks calm and predictable most of the time and could trample you to death at any time. Brilliant.
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KCBrace yourselves. Gold bugs incoming.
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PHPrefer Bellatrix Lestrange!
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mmsome very clear and convincing macro views with clever and punchy metaphors. he should know recent fintec has allowed instant gold backed transactions via a debit card. a very homo sapien activity.
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WRInteresting conversation between two pros. Surprised at the relatively high numbers of "thumbs down". While personally bullish on AU, I suspect it's due to his comments on the metal.
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RAPersonally I think it is important that RV presents us with this type of view on Gold as I can consider the bias, if any, and weight the opinion as I see fit. I trust in our curators!
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JSFine example of incoherent institutional thinking about gold.
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GRThe history of fiat is abysmal with a perfect record of failure. History tells us that we have a perfect record of repeating the mistakes of history. Gold has never been a mistake.
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TJLoved everything he said until Raoul asked about gold and then he completely changed my perception of his wisdom. Shame!
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RA"We're better than that"? Really? Did we stop being human beings in the last 5 years? Doesn't seem like he has studied history enough... Time will tell
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CCTo his last point. Yes I too believe we homo sapiens are, "better than that." On the mean anyway. It's the bits of history where we diverge negatively from the mean that concern me. Thus gold.