The Gold Report: What’s the macroeconomic picture for gold and silver throughout the rest of this year? Ron Hera: I view gold as a currency, and I don’t think gold is going to lose value on a permanent basis, especially in light of the debt monetization that’s taking place. Real interest rates are negative, and that’s bullish for gold. TGR: Silver’s been beaten up pretty badly this year. It’s right now around $28/ounce (oz). Where do you believe silver will end up at the end of 2012? RH: It’s hard to say exactly where it will end up because these are very volatile … [visit site to read . . . → Read More: The End of Cheap Everything: Ron Hera
The Gold Report: What’s the macroeconomic picture for gold and silver throughout the rest of this year?
Ron Hera: I view gold as a currency, and I don’t think gold is going to lose value on a permanent basis, especially in light of the debt monetization that’s taking place. Real interest rates are negative, and that’s bullish for gold.
TGR: Silver’s been beaten up pretty badly this year. It’s right now around $28/ounce (oz). Where do you believe silver will end up at the end of 2012?
RH: It’s hard to say exactly where it will end up because these are very volatile … [visit site to read more]
