George Gero - Managing Director RBC Wealth Management – Mon 29 Aug, 2016

What is going to drive the gold price the rest of the year?

George Gero, Managing Director at RBC Wealth Management shares his insights on what is driving the current gold price. We also consider the large money managers and their view of the gold sector. There are a lot of push and pull taking place in the gold market but interest rate expectation and inflation is the most important in Mr Gero’s eyes.

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George GeroCory Fleck

  1. On August 29, 2016 at 12:37 pm,
    Bonzo Barzini says:

    George Gero pronounces his first name with a soft G and his last name with a hard G. I suggest that for the next month he try a hard G for his first name and a soft G for his last name and see if he likes it. Let us know, Jorge.

    • On August 29, 2016 at 1:32 pm,
      OOTB Jerry says:

      Just call him Gee man

  2. On August 29, 2016 at 12:48 pm,
    Silverdollar says:

    Mr. Gero looks at things slightly different than most viewers of these pages. Speaking of money allocators, it seems from his comments that many of them apparently don’t see a need to have ‘some’ gold at all times; only when interest rates and inflation are on the rise. That attitude would seem to leave a few bases uncovered, like the collapse of a world monetary system, to name one possible happening.

    • On August 29, 2016 at 7:50 pm,
      Excelsior says:

      Agreed Silverdollar.

      I always enjoy hearing George’s macro thoughts on the markets, commodities, and currencies.

  3. On August 29, 2016 at 1:23 pm,
    Birdman says:

    Good interview. Smart as always. I like George because of his sensible commentary. I kind of got a kick out of the implication that more stimulus is required to jump start inflation and thus gold will start to really move as a result.

    In other words, the gold community which has been so critical of Central Bank policy for all its past interventions will now gladly embrace Yellen and gang if their stimulants are what it takes to make gold break out to a real bull market.

    Pretty hilarious really.

    So the whole mood will change as gold bugs gleefully prepare for each new meeting and minutes while greedily praying the Mandarins unleash the money flow. Not that the bugs ever really stood on any principles in the first place. Most of them are full of shit from the starting gun because they all measure their profits in dollars anyway!!!!


    • On August 29, 2016 at 2:02 pm,
      Gator says:

      Bird…you have a crystal ball? you know what principles gold bugs stand on? you know for sure they all measure their profits in dollars? you need to hang out your shingle and read tarrow cards…

      • On August 29, 2016 at 10:49 pm,
        Birdman says:

        It’s Tarot, Gator…..I’ll go get the deck and let you know what it says.

    • On August 29, 2016 at 6:46 pm,
      Wayne says:

      Against what do you measure your profits? What is your standard? Evidently, it is not the dollar. So . . . is it gold? Or is it you, mutable man?

      • On August 29, 2016 at 9:00 pm,
        Gator says:

        Wayne…I don’t buy gold for profits but for insurance…I measure its value by comparison to other fixed assets…I would explain further but I don’t believe you are intelligent enough to understand..

  4. On August 29, 2016 at 1:55 pm,
    Tony says:

    That is funny.
    another wagon to jump on