Gold is hoarded by institutions and banks even while they say it has no monetary value, which means they are talking out of both sides of their mouths.
More Quotes from David Kotok:
I hate to say it, but war is good for stocks.David Kotok
Over the last few years, we've had a number of clients liquidate a portion of their stock portfolios and move it to real estate. Real estate has become an asset class with its own momentum, and it is natural for strategists to write about it.
David Kotok
Both governors and every commissioner are responsible. This is not necessarily a money emergency because people are crossing the bridges, paying their tolls and the bills are being paid. But bond markets do not look favorably on unpredictable, unreliable, politically driven decisions. Government organizations are created to pass budgets and meet bond covenants. To do otherwise is irresponsible.
David Kotok
DRPA bridge users are paying the price for the current standoff. At least those who are playing the bond positions correctly can get some of their toll dollars or tax dollars back. For the rest of the folks, let me just add that it is costing you thousands of dollars a day.
David Kotok
Clearly there is a momentum towards gold at work. It is flirting with 500 and the indications are it should go through it. That will be a worldwide headline and will attract more buyers.
David Kotok
The question is how informed are you If you don't know what's in the index, you are making a mistake no matter what the index is. If you don't know what's in an index, you shouldn't be buying it.
David Kotok
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Based on Topics: Gold Quotes, Value QuotesBased on Keywords: hoarded
I think there's an enormous value to being negative. The world we live in today, negativity is not permitted.
Godfrey Reggio
Disunion by force is treason.
Andrew Jackson
Fortune is either with you or it's not.
Tom Araya