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Central banks are buying gold to protect against the threat of a sovereign debt crisis - Equinox Partners

From kitco.com

Inflation at a 40-year high and rising interest rates worldwide are creating a lot of stress in financial markets and pushing the global economy into a recession and potentially creating a sovereign debt crisis. According to one fund manager, the macroeconomic backdrop is creating a perfect storm for gold prices and gold mining stocks. In an interview with Kitco News, Sean Fieler, president and chief investment officer of Equinox Partners, said that he expects it will be only a matter of time before gold prices increase as economic risks continue to grow. The investment firm is a leading long-term value investor with ... (full story)

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  • Category: Fundamental Analysis