We’re Betting Against The Street On Gold - Sprott CEO

Macroeconomic forces should be providing tailwinds for gold, but unlike an apathetic market, Sprott’s CEO, Peter Grosskopf, remains constructive the yellow metal, a contrarian move.

“Nobody likes gold right now, and we’re contrarian, and we think there’s great investment opportunities across the spectrum in gold, even if it doesn’t move. But at some point in the next few years, those other markets will have problems and when they have problems gold will be an amazing hedge,” Grosskopf told Kitco News on the sidelines of the Mines and Money conference in New York.

Grosskopf noted that sentiment for gold is improving and more sophisticated investors are beginning to take notice and invest.

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Name Last Change
DOW 25585.70 0.75%
S&P 500 2826.06 0.14%
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Resource Commodities

Name Last Change
Gold 1292.80 0.84%
Silver 14.57 0.21%
Copper 2.70 2.700
Platinum 901.00 0.67%
Oil 58.63 1.23%
Natural Gas 2.60 0.77%
Uranium 24.25 1.34%
Zinc 1.20 0

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