Cazenove Capital -- widely assumed to be a broker to the British royal family -- remains bearish on U.S. stocks and bullish on gold.
In an interview at King World News, Robbin Griffiths points out a key reason to buy gold, which is that most big investors haven't entered the market yet. That means there's potential for a exponential surge:
“I think we almost certainly will. At the moment it is not true that gold is an over-crowded trade, absolutely nowhere near true. I’m right in the midst of private wealth management here I know who’s got it and who hasn’t and it’s not an overcrowded trade, even amongst the hedge funds. Most people have heard of Mr. Paulson, and he’s got a lot of gold, but most of the others (hedge funds) have not done so."
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