By Peter Byrne
The Gold Report: Let us be brutally frank, Lawrence. Is investing in gold dead as a reasonable investment strategy?
Lawrence Roulston: No, not at all. Gold is headed higher in the medium termandthe long term. There will still be a lot of volatility at play during the short term, but gold will continue its uptrend of the last 13 years. It is highly speculative to bank on near-term appreciation in value. That approach can be incredibly frustrating when the price is volatile. But the long-term perspective is a different matter. Gold isalwaysgoing to have an intrinsic value.
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