You're watching...
ETF Securities Managing Director Will Rhind on why he considers it a great time for investors to add precious metals to their portfolios.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
As expected the metals markets -- dropping after the Fed announcement that it will not be taking new action to stimulate the economy by -- more cash.
Well we have someone who says this is the -- right time to be in the precious metals market will -- is the managing director of ETF securities well -- could what is ETF securities DO.
So we tips securities as a manufacturer.
And distributor ETF you may specialized needs yet so you obviously have an interest in people being interests did.
In the precious -- so let's let's let that out there yeah why are you bullish on the right now.
Well I think that sound this is a multi year cycle that.
Lends itself very well too precious metals -- you key components of that on the we have load to negative real interest rates throughout the west and wealth.
We have a -- -- to slowing economy.
Possibly have fears inflation for all the stimulus programs that have been put in place here in the US plus Europe as well.
Those kind of three factors which conducive to going to have miles you have the fears but you don't have the inflation yet or at least the overall inflation but you do have.
The debasement of currency.
That is to say one reason why -- be even before there's inflation.
You can have debasement of currency where.
People think that gold will store value better than currency -- whether -- euros or the US that's what's going on right now correct that's exactly right so a lot of people that.
Bold gold and precious metals -- assets.
For a hedge against inflation.
-- that really hasn't transpired.
Yet.
Because as we know official inflation statistics.
Pretty modest.
And therefore inflation is under control and certainly according to the Fed.
The main focus really is own jobs and employment side.
And what people.
-- reason what you'll buying gold is because stimulus.
Increases plot dollars and therefore that's -- debasement.
Argument.
Well trading is all about timing and we -- -- big government jobs report on Friday could this be an opportunity for folks who have been looking at gold coming off that 1819100 dollar level now at 16100 dollars.
Could that be an opportunity -- -- -- by the element of.
It could be I think that we've seen this sort of range this fifteen to 16100 ranging go for quite awhile now.
I'm really what we're looking for some kind of catalyst to move gold.
Full -- from here.
A lot of people expected that might -- fed.
Announcement today but as we noticed nothing significant them come out of that meeting.
We'll have to wait till next meets in September.
But before that clearly their odd jobs numbers not really the primary focus the Fed right now.
Key gauge whether economy's getting worse or getting bats are okay by the way your particular ETF is -- goal SGO well let's Swiss gold.
Get about two billion dollars worth -- is that how fast is that increasing in terms of numbers subscribers.
And increase -- very very quickly you know of the last few years has stagnated or we haven't seen huge amount of flow into that particular products I'm over the last few months I think that's rot rather reflective of that week.
To view a quarter to.
That we've seen for commodities in general.
However -- have a similar product actually in Europe.
I'm where interest thing we are seeing a lava flow a lot of -- -- for Europe as we -- situation in Europe as law was and is in the US right now.
It will Ryan -- gold and but you play the ETF for the metal itself the ETF.
OK well I guess he would say that right.
More efficient and can hit -- thank you think you're good to see it.
