Juerg Kiener: Gold ‘bargain of the century’ at current spot levels
Manage episode 326728567 series 3085687
Speaking on Bloomberg Asia, Founding Partner at Swiss Asia Capital Singapore dropped a number of bombshells in the live interview. In a case of the ‘tail wagging the dog’, outsized silver futures and options leverage outnumber the physical metal more than 100:1. Base metal inventories are quickly running out despite increasing global demand. Finally, of all the metals markets, gold at present spot prices is the bargain of the century, as $5-figure gold will be needed to stabilise global markets in a new currency realignment.
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