Two of the best traders on Wall Street expressed their bullishness on Gold. John Paulson expressed his views on Gold during an address to the Japan Society in New York:
"As an investor, I became very concerned about having my assets denominated in U.S. dollars. So I looked for another currency in which to denominate my assets in. I feel that gold is the best currency."
Victor Sperandeo, or Trader Vic considers that that gold is the best investment in the world for the next two to three years:
"Well, I'm on record across the world as saying that gold is the best investment in the world for the next two to three years. If you go back to its lows, and you compound where gold is today, it's about 6.5% compounded. That isn't a bubble."
Victor Sperandeo latest book, "Trader Vic on Commodities" is a must read for commodity futures traders:
In Trader Vic on Commodities, Wall Street legend Victor Sperandeo explains in simple terms how these markets operate, removes some of the mystique and uncertainty involved, and offers a proven method for capitalizing on commodity market trends—without taking giant risks. He introduces a valuable tool—the Standard & Poor's Diversified Trends Indicator (S&P DTI)—to capture price movement, premiums, and discounts in the commodity futures markets. Sperandeo shows that, as commodities are cyclical in nature, the best goal is to capture as much of the major trends of each market as possible, while balancing that goal with a minimum of risk. in Amazon.com
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