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, â€śPeople are starting to pull away and take care of themselves. . . . You donâ€™t want to be the last guy holding the bag.â€ť In his 35 years of investing, Cloud says, â€śI am now seeing countries buying gold that are talking to me. . . We have banks buying the heaviest they have ever bought.â€ť
When it comes to silver, Cloud contends, â€śThere is a real shortage out there. . . . Youâ€™ve got industrial buyers competing with the investor.â€ť Cloud predicts, â€śThere will be a time weâ€™ll see a parabolic rise in the price of gold and silver, but weâ€™re not there yet.â€ť Join Greg Hunter as he goes One-on-One with Tom Cloud of CloudHardAssets.com.