Gold is not at a top!
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December 7th, 2009 by Prieur du Plessis, Investment Postcards from Cape Town
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I am of the opinion that notwithstanding the strong rise in the gold price we have not hit gold fever yet. The fever phase is typically characterized by every man and his dog participating in the bull market. However, my impression is that at this stage the general public is only involved in the bullion market in a small way. As a matter of fact, the masses are quite clueless regarding gold, as shown so clearly in the video clip below.
Source: Mark Dice, YouTube, November 29, 2009 (hat tip: Fullermoney).
Dr. Prieur du Plessis is an investment professional with 26 years' experience in investment research and portfolio management. More than 1,200 of his articles on investment-related topics have been published in various regular newspaper, journal and Internet columns, including his blog, Investment Postcards from Cape Town. He has also published a book, Financial Basics: Investment. Prieur is Chairman and principal shareholder of South African-based Plexus Asset Management, which he founded in 1995. The group conducts investment management, investment consulting, private equity and real estate activities in South Africa and a number of foreign countries. He also serves as Honorary Consul of Slovenia for South Africa, actively developing economic, cultural and scientific relations between Slovenia and South Africa. Prieur is 54 years old and live with his wife, television producer and presenter Isabel Verwey, and two children in Cape Town, South Africa. His leisure activities include long-distance running, traveling, reading, motor-cycling and scripophily. Read more from the author/contributor here.
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Tags: Bullion Market, Charming Man, Communist Party, Evans Pritchard, Gold, Gold Bugs, Gold Price, Gold Standard, Idealist, Lake Como Italy, Mainland China, Quite Some Time, Sixty Years, Standing Committee, Strategists, Survivior, Swei, Systematic Policy, Telegraph Uk, Unknown Bottom, Wealth PreservationPosted in Gold, Markets |
