Fed Has No Escape, Gold Headed Higher: Doody – Kitco News

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Gold Stock Analyst’s John Doody talks gold with Kitco News on this edition of “On the Spot.” Doody is adamant that gold prices are headed higher. “While there are certainly ups and downs in the gold market, there are ups and downs in all markets too,” he says. “You got to be willing to stick it out for the downs…but the result is, and has been for the last 13 years, that gold has been the place to be. I think overtime the metal is going to go higher.” Looking at other metals, Doody says he always advises investors to have no more than 20% of their portfolio in silver. “We see it as a derivative of gold. It should be doing better, no question about it,” he says. “But it is an industrial metal…and with the economy not doing well, there’s not a huge or increased demand for silver.” Watch now to hear more from John Doody and to learn more about GSA’s Investor Day 2014 taking place in February. Kitco News, February 12, 2014.

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