Jeff Nichols: ‘No Gold Bug – Just Super Bullish’
A super bullish long term future for gold is Jeff Nichols’ vision for the yellow metal, yet he reckons to be not a gold bug, but a dispassionate economic analyst – and still comes to this conclusion.
by Lawrence Williams
Mine Web
LONDON (Mineweb) – Mineweb readers may have seen, from time to time, articles by Jeff Nichols of American Precious Metals Advisors – in this writer’s opinion one of the more measured commentators on gold. In his latest remarks on the yellow metal he tells his followers that he is not a gold bug, but nevertheless he is still unwaveringly bullish on the precious metal’s prospects for at least a few more years yet.
So what is the difference between a gold bug and someone like Nichols who is just bullish on gold. The key is that as Nichols says, he actually sees nothing magical about gold, he does not attribute miraculous powers to it and doubts that it can return to its onetime historical role as providing the backing for the word’s major currencies. He says that he is just a dispassionate economist, analyst, and observer of the U.S. and global economic, political, societal, and demographic trends – and it is only as such does he see a super-bullish long term future for gold.
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2012-08-27 07:27:27
Source: http://financialsurvivalnetwork.com/2012/08/jeff-nichols-no-gold-bug-just-super-bullish/
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