James Grant tells why he owns gold coins

ValueWalk/7-23-2015

“[G]old is an investment in monetary and financial disorder – not a hedge. You look around the world and you see exchange rates are properly disorderly, when you look around the world of lending and borrowing — we are in a regime of price control by another name, so-called zero percent rates and quantitative easing by the world central banks – we are in one of the most radical periods of monetary experimentation in the annals of money,”

USAGOLD note:  James Grant has a way with words.  He gets our attention by telling us gold is not a hedge and while cleverly telling us that it is a hedge. Grant goes on to say in the linked Kitco interview that he owns Krugerrands, tells us why he believes gold is a buy in the wake of the latest correction [“Mr. Market having a sale. . .”] and that he is “bullish indeed” on the future price of gold.  I should add that the Krugerrand is one of several options on the gold coin market and a visit with one of our associates can help clarify the choices.