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Gold Holds Despite Markets March Higher

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  • Description

    Kenai Capital’s Tres Knippa on the lack of movement from the precious metal.

  • Duration 1:32
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This transcript is automatically generated

Alley because I want to show you the price right now it has indeed dropped to below 16100 dollars an -- well below 1588.

Right now let's bring back in -- connect with -- -- capital.

In Chicago.

You know I would assault with all this money -- -- -- -- printing money Japan and Europe America.

I would have thought the gold with a spike but it's not it's going straight down.

Well right.

Now I think gold is being pressured a little bit by some changes in asset allocation as the stock market continues to work its way higher I think you're seeing people when you get that risk on trade people say well into the stock markets working -- so I think you're getting just basically -- money being moved around between stocks bonds and gold some -- -- coming out of gold and it's going into stocks and stocks are working higher.

I actually think I understand what you're talking about Stewart and -- -- both agree on the fact that central banks continue to print money however I actually think there's a better way to make that trade of not owning currency you wanna just own hard assets but I believe in owning.

Income producing asset productive asset oil wells gas wells rental property that sort of -- you accomplish the exact same thing as the gold trade.

But let's be let's be clear here gold is risky and it's gonna bounce around it's not gonna just be a straight line up.

You know we always forget gold has no deal pays no interest pays no dividend I mean you don't give you rent out a goal is a block a metal sits of that and you hope that that you get a capital -- that's all you really fall.

By Friday you know you might -- too much sense thanks so much for joining as Australia and the -- now it.

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