3 reasons why gold’s best days are ahead

Summary: As 2013 has drug on, it’s been harder and harder to find a trader who’s bullish on gold. Sean Brodrick of the Oxford Club, an independent financial organization in Baltimore, is probably one of the most enthusiastic traders on gold and gold mining you’re likely to find. He feels that since gold is so hated right now and on a dip that it’s a good time to buy. He’s one of the few investors that sees value on the gold mining arena, citing data showing how 25 miners are currently trading below book value. He said miners who factor in lower gold prices and can profitably mine the metal when it’s trading for $1000/oz stand to do well. He explains how investors who are risk averse can buy into one of two gold mining ETFs, but ones who don’t mind some risk can find some real bargains. Brodrick also discusses robust Chinese demand, as well as the central banks around the world buying gold. Read more…