Last night GoldCore Director Dave Russell had a quick chat with Patrick Karim of northstarbadcharts.com. Patrick walks us through the charts that have him convinced that the gold and silver are “the surest bet” and why “the genie is well and truly out of the bottle”.
Much of the focus of the chat was in regard to gold and silver’s relationship to CPI and how and when it will react to changes in the inflation-metric. As Patrick says, gold “will sniff out the destruction of purchasing power”, well we couldn’t agree more. In fact, those who choose to invest in gold have long been aware of its ability to preserve value in a well-balanced portfolio, because of the impact of inflation on other asset classes.
Furthermore, look out for chat about ‘coiling’, the numbers Patrick believes will signal a breakout, and why the genie is well and truly out of the bottle.
As always, we’d love to know your thoughts on the interview, and please let us know if it’s prompted any question you’d like us to answer!
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