In his market letter this month. Tocqueville Gold Fund manager John Hathaway says the physical gold market will defeat the paper gold market someday, leading to a much higher price for the monetary metal.
Can the gold investment industry do anything to hasten the day, or should the industry remain content to collect fees and commissions all the way to the supposed inevitability, even though by then most of its investors may be dead?
Hathaway offers no suggestions but does seem content. His letter is posted at the Tocqueville internet site here:
http://tocqueville.com/insights/gold-strategy...tor-letter-4Q16
