The Gold Report: Gold has been hovering between $1,250 and $1,300/ounce ($1,300/oz). How have supply-and-demand factors shifted since earlier in the year, when things seemed more bullish?
Joe Foster: At the beginning of the year, gold was being driven by risk concerns. Investors started worrying about risk when we saw problems in emerging markets like Thailand, Turkey and, eventually, Ukraine. The Chinese economy seemed to be slowing down.
It was less of a supply-demand story and more one of people looking at gold as a safe haven and a hedge against some of the risks in the world.
TGR: Is the world less risky now than it was three months ago? Continue reading "Van Eck Fund Manager Joe Foster Is Building for the Upswing"
