BlackRock's Evy Hambro on Gold

Always worthwhile listening to, Evy Hambro, managing director at Blackrock and co-fund manager of the Blackrock Gold and General Fund, says the most important driver for the climb in gold prices has been the declining trend in production. Prices need to rise further before mining companies will think it will pay to invest in building new mines.

Click here or on the image below to view the video.

Source: Financial Times, September 18, 2009.

Comments

[coldcall:]

Really? Perhaps lower gold production is one factor but to claim its the major driver of the rise of gold is buffoonery! Has Evy ever heard of the US dollar/gold correlation?

But hey, thanks for reinforcing my already low opinion of professional advisors.

Thanks but I'll keep my own counsel as its provided me a better return than any silly advice from Blackrock.

Sep 21 04:25 AM

[Beach Bubba:]

Coldcall...You got that right. There should be some sort of Buffoon index tied to the rise and fall of things.

Sep 21 10:04 AM

[doubleguns:]

Cold Call and Beach Bubba, becareful. Supply and demand are always the main drivers in anything. Yes gold being a form of money has to contend with the value of the other (fiat) currencies but don't lose sight of the supply and demand issue.

Don't think you can just watch the running back (dollar) and you will win this game. Demand (quarterback) can throw the ball too!!

Sep 21 11:10 AM