Ann: Change in substantial holding , page-2

Sprott said today:
What this man-made crisis in Washington does is highlight all the reasons why an investor should hold a portion of their portfolio in gold in the first place. The key drivers of the gold price remain firmly in place: an accommodative monetary policy from the Federal Reserve, continuing physical demand from Asia and governments around the globe looking for alternatives to the US dollar. When you consider even the remote chance that the world’s largest counterparty might fail on its debt obligations, what would stop lesser governments from doing the same?

Under these conditions, it seems that owning gold at these prices as a hedge against the risk of default and continued currency turmoil would be a prudent (and contrarian) course of action. And in the unlikely case that the world experiences a default by the US, you will be happy that you did.