Sentinel Investments’ Christian Thwaites discusses commodities with Bloomberg’s Alix Steel and claims that gold is not the asset class of choice, and that in times of deflation, cash preserves wealth better than gold. Thwaites further claims that gold is almost totally a speculative driven commodity, and that investors should stay away from the speculative commodity, and stick with a proven winner like oil.
Naturally, the interview was released just after gold had the wind knocked out of it with a 7,000 contract dump on the COMEX open that took the metal nearly $50 off recent levels.
Must. Scare. Sheople. Away. From. Hard. Assets.
propaganda interview below: [Read more...]