Thursday, February 20, 2014

What Would Make You Sell Gold?

I would be looking for one of three things. First, I would expect to see a blow-off peak -- an irrational buying frenzy – where valuations get to ridiculous levels. Another signal would be that government is displaying some fiscal sanity. Finally, if they made the dollar convertible into gold I would no longer need to own physical gold.

- Source, Eric Sprott: