I couldn’t have agreed more with your editorial “Fundamentals look bullish for gold” (T.N.M., Mar. 2/92).
While your viewpoint was clearly valid, investors only need to realize that the ultimate bullish factor is clearly evident. No investment is currently more out of favor than gold and “contrarian investing” is always better than “following the crowd investing.”
Ten years ago, the “experts” told investors that inflation, interest rates, world turmoil, oil and gold will continue to rise, while stocks and bonds can only keep falling in price. So what happened? Just the opposite. Now the “experts” predict interest rates and inflation can only go lower, stocks and bonds can only go higher and the last investment to own is gold. I am certain we are now ready to turn another 180 degrees and this time it won’t take 10 years.
Peter Grandich
Howell, N.J.
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