Gold Prices: Expert Reveals Simple Reason to Be Bullish on Gold Prices
This Could Be Big for Gold Prices
One of the most respected fund managers and gold experts on the planet just published a major report on the sector. His conclusion? Despite a beatdown of historic proportions, he feels that gold prices and gold miners have nowhere to go but up—way up. Here is his reasoning:
Bankers and Ice Cream Don’t Mix
A true story: In the early 1980s, two young Chinese businessmen, determined to show the world that ice cream was originally invented in China—and later brought to the West by Marco Polo—opened a small shop in a northern suburb of Toronto to vend their small batches of handmade ice cream. And in the absolute dead of the Canadian winter.
If you think that is a “recipe” for trouble, you would be wrong. Day after day, customers would line up in sub-freezing temperatures just to get their ice cream fix. “Chocolate Chunk” was the favorite, closely followed by “Mango.” The two entrepreneurs could not keep up with demand.
As it happened, one of their customers was an up-and-comer from Bay Street, Canada’s equivalent of Wall Street. He discretely enquired of the two young men if perhaps they would consider allowing him to “monetize” their idea by morphing their single shop into a publicly traded corporate franchise?
Since one of the most notable benefits of the deal was that the two would never have to work another day in their lives should they did not wish to, the boys took the deal. Thereafter, the franchise went public, the two lads retired for life, a great many franchises were sold, many new ice cream shops opened all over Southern Ontario. Very shortly thereafter, the whole enterprise went bust and was never seen or heard of again.
What happened?
Well, as it turned out, the new public franchise corporation was able to carry over all the trade secrets and good will from the original shop except for one small thing—the actual ice cream. Since every banker and guru on Bay Street agreed that making ice cream by hand was a complete waste of time, the recipe was sub-contracted to a commercial ice cream factory on a best-efforts basis.
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