Buy and “Own Krugerrands” Says Legendary Jim Grant…” Gold is “investment in financial and monetary disorder”

Tuesday, July 28, 2015
By Paul Martin

By: GoldCore
GoldSeek.com
Tuesday, 28 July 2015

– “I own Krugerrands” says legendary Jim Grant
– He is “very bullish indeed” on gold
– Gold is “investment in financial and monetary disorder” – says Grant
– It thrives in current environment – “uncertainty, turbulence and disorder”
– “One of the most radical periods of monetary experimentation in the annals of money”
– “Gold…is now the conjunction of price, value and sentiment”
– Reminds owners of gold that the original reasons for buying gold have not gone away
– Believes Fed will raise rates despite deflationary environment
– Explains detrimental effect of excessive debt on an economy
– Grant light-heartedly destroys Jason Zweig’s “pet rock” gold jibe

Jim Grant, publisher of Grant’s Interest Rate Observer says that gold is “an investment in financial and monetary disorder.” He believes that today we are experiencing “uncertainty, turbulence and disorder”.

When asked how he liked to own gold he said he owned physical, generic, non-numismatic coins – specifically mentioning South African Gold Krugerrands and also mining shares.

Krugerrands are one of the cheapest and most cost effective ways to buy gold with very low premiums. Clients in Ireland, the UK, the U.S. and internationally are currently buying Krugerrands at extremely low premiums of just 2.5%. They remain some of the most popular bullion coins in the market due to their durability (harder 22-carat gold coin), recognisability, portability and liquidity throughout the world.

He warns:

“You look around the world and you see exchange rates are properly disorderly, when you look around the world of lending and borrowing — we are in a regime of price control by another name, so-called zero percent rates and quantitative easing by the world central banks”.

He adds, “We are in one of the most radical periods of monetary experimentation in the annals of money”, with a “low probability” of a favourable outcome.

Given the disorder he sees in the world due to monetary experimentation and the very low gold price Grant says,

“You want to have exposure to the reciprocal asset of the paper assets that are the most popular – so gold, to me, is now the conjunction of price, value and sentiment, and I am very bullish indeed.”

The Rest…HERE

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