- Excerpt from a recent interview with Jim Rickards by Yahoo Daily Ticker, find the full interview here:
99.9% of Investors Don't Get Gold
"Certainly the gold bugs are saying this is the beginning of the end, Germany�s taking their gold back and the price is going to scream. But you have to understand that 99.9% of investors don�t get gold. Warren Buffet comes out and says it�s just a shiny metal with no yield, gold hasn't been taught academically for 40 years. So we have 2 generations of scholars that anyone under the age of 50 that knows anything about gold is self-taught as they've stopped teaching it in the schools. Institution allocations of gold are about 1.5%- their portfolio�s are about 40% stocks, 40% bonds, and about 1% gold, so there is an educational function that has to go on. The gold will get there, but not all at once."
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