With gold and silver under continued attack from the mainstream media, today John Hathaway warned King World News that we are at the point where global investors will be shocked as gold is quickly repriced a jaw-dropping $1,000 higher, taking gold to new all-time highs. Hathaway also cautioned that global markets are rapidly approaching a loss of confidence in central banks which will cause tremendous turmoil in the paper currency markets. Hathaway, of Tocqueville Asset Management L.P., is one of the most respected institutional minds in the world today regarding gold, and his fund was awarded a coveted 5-star rating.
Hathaway: “Right now I am focused on some very key markets. Japan obviously is making the headlines, but the U.S. stock market is also giving all of the appearances of being at the beginning stages of a substantial correction.
When you think about what’s been a headwind for gold, it’s been the attitude of, ‘Who needs it? We’re making money hand-over-fist in stocks.’ But I believe we are at the end of that phase now. So right now I’m watching with the expectation that we are in the midst of substantial and adverse corrections in what have been competing assets for gold....
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