Count Your Blessings

Featuring Brent Johnson

Brent Johnson of Santiago Capital updates us on the recent price volatility in the gold market, reiterating the long-term importance of gold as part of a portfolio and cautioning against the worship of ‘unicorns’, in Count Your Blessings.

Published on
28 July, 2015
Topic
Monetary policy, Gold
Duration
10 minutes
Asset class
Equities, Commodities
Rating
33

Comments

  • BH

    Brian H.

    20 9 2016 13:17

    0       0

    Ray dahio

  • PH

    Philip H.

    5 8 2015 08:32

    2       0

    I think you mean $17 TRILLION in regard to Central Banks balance sheets. At this rate, very soon we'll be talking real money!

  • TJ

    Terry J.

    30 7 2015 07:43

    3       0

    Succinct, timely, reassuring and hopefully prophetic!

  • Dd

    Diego d.

    29 7 2015 12:28

    3       0

    In my opinion, gold is a tail risk investment; especially with the dollar bull market ongoing

  • AA

    Ali A.

    29 7 2015 11:59

    2       2

    Speculative banter

  • BG

    Branislav G.

    29 7 2015 10:39

    0       7

    CC: when ever you bought it in the last 3 years and you are still holding you would have lost money. It is just another commodity that rises, bubbles, crashes and then unwinds.

  • CC

    Christopher C.

    29 7 2015 02:36

    4       0

    1.) Interest rates can not rise too far without blowing up the machine. 2.) Having "all your money in gold for the last 3 years have shown...." depends on when you bought it.

  • BJ

    Brent J.

    28 7 2015 21:23

    12       0

    BG: No 1 should have all their money in gold. The last 3 years have shown that to be very unwise. But in a world full of unicorns having all your money in equity is equally unwise. Gold has its place

  • TW

    Thomas W.

    28 7 2015 21:02

    5       0

    Good piece, but no mention of the manipulation/ suppression scheme. Really? Why ? It's THE determining factor of price.

    Gold peaked 8/11. Declined in earnest 9/12 from 1800. 3 yrs., NOT 5

  • GR

    Gregory R.

    28 7 2015 19:36

    8       0

    Gold prices are suppressed by central banks to manipulate interest rates and currency values. They will not stop naked shorting until the price is determined in the physical market.

  • BG

    Branislav G.

    28 7 2015 18:41

    3       8

    You gold bulls are now beyond funny, it's now getting sad that after being wrong for 5 years you are still trying to convince yourself that you are right. Thats the definition of insanity

  • CY

    C Y.

    28 7 2015 16:29

    1       0

    I get all the fundamental reasons for owning gold and think it has its place...but one could also foresee a situation where interest rates start to rise and gold does really poorly.

  • PW

    Phil W.

    28 7 2015 15:55

    0       0

    well on July 24 it hit 1072.3. So far it holds! time will tell

  • KT

    Kevin T.

    28 7 2015 15:42

    5       0

    Some of those technical analysis lines look pretty arbitrary to me.

  • FS

    Fred S.

    28 7 2015 13:35

    15       0

    Trump hair = Flock of seagulls. Love It!