We’re Betting Against The Street On Gold - Sprott CEO

Macroeconomic forces should be providing tailwinds for gold, but unlike an apathetic market, Sprott’s CEO, Peter Grosskopf, remains constructive the yellow metal, a contrarian move.

“Nobody likes gold right now, and we’re contrarian, and we think there’s great investment opportunities across the spectrum in gold, even if it doesn’t move. But at some point in the next few years, those other markets will have problems and when they have problems gold will be an amazing hedge,” Grosskopf told Kitco News on the sidelines of the Mines and Money conference in New York.

Grosskopf noted that sentiment for gold is improving and more sophisticated investors are beginning to take notice and invest.

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Resource Commodities

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Gold 1276.30 0.12%
Silver 14.42 0.14%
Copper 2.74 2.739
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Zinc 1.20 0