The world famous and incredibly successful hedge fund manager is warning people to get into gold. Is he right?
Josh Sigurdson talks with Eric Saderholm of American Pacific Mining Corp to talk about the current state of the gold markets. As people like Ray Dalio warn about a coming collapse in bonds, the world famous and incredibly successful hedge fund manager is warning people to get into gold as we see 13 trillion dollars in negative yielding sovereign bonds around the world. Ray Dalio doesn’t believe that bonds will be seen as a safe haven once central banks end their easing. Gold, however, in his opinion, will be the most prized cash alternative.
Eric Saderholm talks about this trend and why he thinks it’s significant. With that he goes into interest rates and the announcement to lower interest rates last month which lead to gold hitting 6 year highs after years of spoofing and manipulation in the markets.
With that said, Saderholm also believes that we are seeing peak gold production. If that’s the case, we can expect the price to climb dramatically due to vast scarcity and a deficit in production. This is one of the many reasons why Saderholm is excited about the potential for his company American Pacific Mining Corp (CSE: USGD) as they’ve just acquired new projects and despite having a small cap, massive companies have their back including in the case of their Tuscarora gold project.
Eric sees quite a turnaround in September.
Everyone must do their due diligence. This is not meant to be investment advice but is solely the spread of information that one can consider in their quest for opportunity. We love spotlighting ideas and those behind said ideas.
Stay tuned for more from WAM!