What Investors Must Know If There Is A “Catastrophic Event”
October 11, 2013
On the heels of tremendous volatility in key global markets, today a 42-year market veteran warned King World News that there is something incredibly important which investors absolutely must be aware of in case there is a “catastrophic event.” Hathaway, who is one of the most respected institutional minds in the world today when it comes to gold, and whose fund was awarded a coveted 5-star rating, also discussed what this means for major markets, including gold.
Hathaway: “Right now I am focused on this bedeviling issue of the paper gold vs the physical gold market. Paper gold may be setting the price, but the abuses in the paper market are just staggering to me. For example, on Tuesday we saw 17,000 contracts sold in the space of a few minutes (which hammered the price of gold). That’s around 2 million ounces of gold….