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Lear Capital CEO Scott Carter on the outlook for gold prices and why investors should include gold as part of their investment strategy.
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Gold bugs were worried gold falling as much as 36 bucks announced today before leveling out what about a 25 dollar loss so.
Is it possible that even with concerns over the fiscal crisis and almost endless Central Bank money -- That gold has topped out our next guest doubts that.
It has been betting on gold for a long time now Scott Carter Lear capital CEO.
Joining support what have a goal why don't see on these commercials for gold lying -- that's right see -- Lear capital to on our station dollars political line.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- What differentiates one company that sells -- from another.
Well we're capital offers great excellent good or excellent service great it's like a commercial as I've -- seriously why why why is -- Leary -- goal line well I'll tell you why because we give Britain great -- I said -- what that means -- you've got a company it's been in business.
You can have access to great product.
We delivered in ten days -- every company can do that we create a market meaning if you wanna liquidate Dave and sell back we create a markets -- equities have adequate part of what the problem that gold lying was -- it got it's absolutely not now that was not the issue at all I think that was a disclosure issue.
And at -- capital.
This service that we provide in the way we go after our clients' long term has been excellent.
But the key point here is that this is agree that time to own gold David you know the market has done well over the last decade.
And the prospects going forward are very very positive let me put a what if scenario though Scott what happens if the Fed says look we've we've done as much as we're gonna do as much money -- we're gonna do I mean it may not happen tomorrow or next month.
But sometime in 2013 when that happens when they announced maybe there won't be raising rates but not not being as aggressive -- money pretty -- -- are now.
Won't -- be dropping down.
I don't think so because if you look through 2002.
To 2007.
Even before the money printing gold did very well.
Because you had a declining dollar you have the economy growing you have world economy's growing and gold is not just for gold bugs.
Everybody at every investor should take a portion of the portfolio and have some exposure to hard assets like gold and it's gaining traction okay now why not just by -- because their premiums built into all the products if you sell the products and that's why your business is done order make a little profit.
Wanna just by GLD why not just -- essentially you look at GL -- you look at that spider.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Well you can buy you one open premium -- you want the physical asset it's like buying real estate you can buy a -- because his assailant that is tracks the price of gold tick by tick right but it's a security.
Many people would like to eliminate the counterparty risk so we want the physical assets something that they can see and touch you -- buy a piece of real estate or you can buy a REIT.
Many people want the hard asset.
Many buyers and it agility is fine.
But -- ETF is a security.
Actually having the asset physical gold is one component is very important but what what do you think do you think that in fact that this situation is gonna be curious so much we'll have another 2008 things of that securities are gonna be worthless and therefore the only thing you can -- depend on -- the gold that you can dig out your backyard no I don't think so it's not that extreme I think you want -- you want to have access to it.
You don't necessarily want a paper based asset and those GOP -- DSL be those -- leveraged funds they're all legitimate they're all fine it's one component.
Just like gold mining stocks but many.
Investors also want a physical asset and that's where we specialize where you actually have the ask that you put in your safety deposit box and we -- storage for you.
That's very important individuals as well salesman par -- -- Scott Carter Lear capital CO good to see again via -- have a today appreciate let's.
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