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Venezuela Devalues Its Currency 32%

Venezuela Devalues Its Currency 32%

The latest salvo in the global currency war


Image by Calgary Review, Flickr Creative Commons

Jeff Clark: So How Many Ounces of Gold (or Silver) Should You Own?

Doing the math
Saturday, November 17, 2012, 2:00 PM

This week, Chris talks with Jeff Clark, Senior Precious Metals Analyst at Casey Research, where he serves as editor of their Big Gold newsletter.

They tackle head-on many of the questions weary precious metals investors are wondering after enduing the volatile yet range-bound price action of gold and silver over the past year:

  • Have the fundamentals for owning gold & silver changed over the past year? No
  • What are they? currency devaluation/crisis, supply-chain risk, ore grade depletion
  • How should retail investors own gold? Mostly physical metal, some quality mining majors (avoid the indices), and ETFs only for trading
  • Is gold in a bubble? No
  • Could gold get re-monetized? Quite possibly
  • Where is gold flowing? From the West to the East. At some point, capital controls will be put in place