CME Chairman On Gold: “People Don’t Want Gold Certificates, They Want the Real Product”Submitted by kevink on Wed, 05/01/2013 - 07:31
CME Chairman On Gold: “People Don’t Want Gold Certificates, They Want the Real Product”
Tyler Durden's picture
Submitted by Tyler Durden on 04/30/2013 18:34 -0400
Submitted by Mike Krieger of Liberty BlitzKrieg
What’s interesting about gold, when we had that big break two weeks ago we saw all the gold stocks trade down significantly, we saw all the gold products trade down significantly, but one thing that did not trade down, was gold coins, tangible real gold. That’s going to show you, people don’t want certificates, they don’t want anything else. They want the real product .
Terrence Duffy, President and Executive Chairman of CME Group Inc,. on Bloomberg TV
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