'We are potentially in a world of escalating prices over the long run' - Bart Melek on gold's draw
By Michael McCrae and Matt Watson
Published:
Updated:
(Kitco News) - A number of macro factors favor gold and silver, said Bart Melek, global head of commodity strategy at TD Securities.
This week Melek recorded an episode of Green Rush with Matt Watson, founder of Precious Metals Commodity Management.
The two discussed gold's recent run. The metal has made a several all-time highs this year.
Gold production requires real labor, capital, and energy. It's a tangible store of value and a protector of wealth, noted Watson and Melek. During inflationary periods, investors turn to gold as a safe haven, as demonstrated by recent rallies in gold and silver prices.
"It takes real labor and real capital, and it takes energy to get those physical products from the ground," said Melek, and all those costs have been going up. "We are potentially in a world of escalating prices for the long run."
Read the full article at: 'We are potentially in a world of escalating prices over the long run' - Bart Melek on gold's draw | Kitco News
Video of interview at: Episode 11 – Gold & Silver: Where are they headed? –