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, ‚ÄúPeople are starting to pull away and take care of themselves. . . . You don‚Äôt want to be the last guy holding the bag.‚ÄĚ In his 35 years of investing, Cloud says, ‚ÄúI am now seeing countries buying gold that are talking to me. . . We have banks buying the heaviest they have ever bought.‚ÄĚ
When it comes to silver, Cloud contends, ‚ÄúThere is a real shortage out there. . . . You‚Äôve got industrial buyers competing with the investor.‚ÄĚ Cloud predicts, ‚ÄúThere will be a time we‚Äôll see a parabolic rise in the price of gold and silver, but we‚Äôre not there yet.‚ÄĚ Join Greg Hunter as he goes One-on-One with Tom Cloud of CloudHardAssets.com.