World's biggest gold bug eyes miners
David Baker, the co-founder of London-based Baker Steel Capital Managers, which manages $1.2 billion of investments in listed gold miners around the world, says that times are tough right now, but investors need to hold on for the ride if the gold price runs through its record high of $US1920 an ounce.
“Gold miners have never been this cheap, and greed and fear are the two factors that drive share prices. If gold breaks its previous high you'll see the stocks in the sector run hard.”
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