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Tuesday, April 03, 2018 6:04:09 PM
« ...Gold will surge to the highest level in five years if a global trade war breaks out, according to Rick Rule, chief executive officer of Sprott U.S. Holdings Inc., who’s been involved in the market for four decades.
Bullion could top $1,400 an ounce in 2018 as escalating trade tensions drive investors to havens and the three-decade bull market in bonds nears an end, said Rule, who’s due to speak at a conference in Hong Kong on Wednesday. Spot gold traded at $1,337.50 Tuesday after three straight quarters of gains, while exchange-traded fund holdings are around the highest in half a decade.
President Donald Trump has ordered import tariffs on steel and aluminum and sought new restrictions on Chinese investment. Asia’s top economy retaliated by imposing its own levies on Monday, while the U.S. is expected to release this week a new list of Chinese products to be slapped with duties. A trade war could crimp demand for U.S. assets just as the budget deficit swells, with the dollar vulnerable should international buyers shun American debt.... »
https://www.bloomberg.com/news/articles/2018-04-02/gold-to-top-1-400-as-sprott-s-rule-sees-winnerless-trade-war
With price of gold climbing was selling the golden McGarry properties etc. a wise idea?
http://resourceworld.com/index.php/orefinders-in-deal-with-kerr-to-acquire-abitibi-properties/
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