(Telegraph) You’re insane if you don’t own gold, investors told
11 Jan 2011
Not owning gold during the current financial turmoil is “a form of insanity”, according to an investment analyst at a leading City firm.
Robin Griffiths, a technical strategist at Cazenove Capital, told CNBC: “I think not owning gold is a form of insanity. It may even show unhealthy masochistic tendencies, which might need medical attention.” He added that the dollar was heading for “oblivion”.
Mr Griffiths predicted that gold’s 10-year bull run would continue and even intensify. “Although it’s been a top performer for each of the last 10 years, it’s still in a linear trend,” he said. “Eventually it will go exponential and make more in the last little bit than the whole of the 10-year trend.”