ASSET MANAGER TOM CLOUD: SILVER SHORTAGE REAL, COUNTRIES & BANKS ARE COMING TO US TO BUY GOLD & SILVER
JANUARY 23, 2013
Germany recently announced it was moving some of its gold back to the homeland. Investment manager Tom Cloud says, âPeople are starting to pull away and take care of themselves. . . . You donât want to be the last guy holding the bag.â In his 35 years of investing, Cloud says, âI am now seeing countries buying gold that are talking to me. . . We have banks buying the heaviest they have ever bought.â
When it comes to silver, Cloud contends, âThere is a real shortage out there. . . . Youâve got industrial buyers competing with the investor.â Cloud predicts, âThere will be a time weâll see a parabolic rise in the price of gold and silver, but weâre not there yet.â Join Greg Hunter as he goes One-on-One with Tom Cloud of CloudHardAssets.com.