Tuesday, February 20, 2018

When to Sell Gold?

March 26, 2010 by  
Filed under Smart Money Says

Societe General’s Dylan Grice makes a compelling argument that the time to sell gold, isn’t now.

Eventually, there will be a crisis of such magnitude that the political winds change direction,
and become blustering gales forcing us onto the course of fiscal sustainability. Until it does,
the temptation to inflate will remain, as will economists with spurious mathematical
rationalisations as to why such inflation will make everything OK (witness the IMF’s recent
recommendation that inflation targets be raised to 4%: IMF Tells Bankers to Rethink Inflation –
WSJ). Until it does, the outlook will remain favorable for gold. But eventually, majority opinion
will accept the painful contractionary medicine because it will have to. That will be the time
to sell gold

Read The Whole Article by Dylan Grice about when to sell gold.

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