The Gold Report: Where’s the rally for gold?
Henk Krasenberg: The general investment public is not in the right mood for resource stocks. Those who own them are not happy with their performance, and those who don’t own them are not convinced that they should own them. Only 2% of all investment capital is in gold, other metals and related vehicles. I believe that gold is not as high as most people think. I relate it to the all-time high of $850/ounce ($850/oz) in 1980 and if you correct that to today’s standards, that would equal $2,400–2,500/oz. So we are well below the real historical high. … [visit site to read more]