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Kitco News catches up with Adrian Day as he shares his optimistic outlook for the precious metals. He examines gold and copper performance after the big price correction in addition to the high demand for physical bullion as a result. According to Day, the demand for gold is contingent on such economic factors as interest rates and currency depreciation. That said, he thinks people are still demanding the metal despite the correction because interest rates are still being cut and the money supply of some countries are expected to increase. “When it comes to gold, it’s not an investment, gold is a way of holding wealth. So, gold is a way of preserving your assets and purchasing power against other things,” said Day. Finally, he still has faith in junior miners and reminds our viewers that the best time to buy are at times when prices are low, like we are seeing now.
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As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and © Kitco.
As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and ©
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