The Mint is humming
Nigel Moffatt, Treasurer of the Perth Mint, breaks from his leash with some really bullish statements in an interview with The Australian newspaper:
He said he could see no end to the gold boom.
"If you're in the US or Europe, what on earth are you going to put your money into?" he said. "You wouldn't touch the equity market at this stage. Interest rates are low, and frankly precious metals are a hell of a good way to go. I can't see anything around to stop it. Bit it won't go northwards in a straight line because people will always be taking profits."
And then this morning an interview with the ABC:
The head of the Perth Mint says the price of gold will continue to rise, even after hitting another record of $US1,720 an ounce.
Nigel Moffat says the mint is fielding calls from all over the world from investors wanting to jump aboard the gold juggernaut.
If this continues I'm worried he is going to become a media tart. If he gets a stint on TV then I think I'll call a temporary bubble top.
He said he could see no end to the gold boom.
"If you're in the US or Europe, what on earth are you going to put your money into?" he said. "You wouldn't touch the equity market at this stage. Interest rates are low, and frankly precious metals are a hell of a good way to go. I can't see anything around to stop it. Bit it won't go northwards in a straight line because people will always be taking profits."
And then this morning an interview with the ABC:
The head of the Perth Mint says the price of gold will continue to rise, even after hitting another record of $US1,720 an ounce.
Nigel Moffat says the mint is fielding calls from all over the world from investors wanting to jump aboard the gold juggernaut.
If this continues I'm worried he is going to become a media tart. If he gets a stint on TV then I think I'll call a temporary bubble top.
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