Top Analyst: “All these central banks are all going to debunk their currencies & it’s going to default to just one currency that can’t be debunked, & that’s Gold.”
Investmentwatchblog.com
January 16th, 2015
Suddenly, gold is getting its groove back.
After two straight years of losses, gold is off to its best start to year since 2008. And, according to one well known analyst, 2015 could have gold bugs smiling.
In an interview with CNBC.com’s Futures Now, Sterne Agee’s precious metals and mining analyst Michael Dudas said that gold should continue to benefit
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from central banks’ efforts to devalue their currencies. Gold prices rose more than 2 percent Thursday to a four-month high after the Swiss National Bank shocked the world and said it would abandon its euro currency peg. The precious metal is now up more than 6 percent year to date.
“All these central banks are all going to debunk their currencies, said Dudas. “And it’s going to default to just one currency that can’t be debunked, and that’s gold.”
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