Gold and Gold Mining Shares As a Percentage of Global Assets or ‘The Once In a Lifetime Ride’

World’s biggest gold coin

From our readings of Casey Research we found a great chart and comments from Eric Sprott of Sprott Asset Management, we bring this to your attention:

Eric Sprott –  ….“The conventional wisdom is that gold is in a bubble. It isn’t so. At the just-concluded Casey’s Gold & Resource Summit, Eric Sprott showed a slide showing gold and gold mining shares as a % of global assets. As you can see in the chart, which I am republishing here, gold holdings are currently a fraction of what they’ve been historically.

We have a long way to go before gold can be considered fully valued, so sit tight and be right.”

….”Get yourself positioned to take advantage of this once in a lifetime ride.”

October 9, 2010

Source: Precious Metals Warrants

See also:

–  Super-Rich Investors Buy Gold By The Ton

–  Former IMF Chief Economist Prof. Kenneth Rogoff: $10,000 Gold?

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