If the metal itself were to double from here, because there's really no supplies in gold stocks, the gold stocks could actually make the technology or Internet stocks of yesterday look like they were standing still So, I think the real issue was the opportunity costs of owning gold in the past, ... That has come away or it's been almost eliminated because the interest rates are so low. So I think every portfolio should have some exposure, not to go crazy, maybe five or six percent, but I think it has a play and I think it still has a lot of legs left.
More Quotes from Peter Doyle:
There's going to be pockets of technology that do incredibly well, ... But the valuation is still being the core of the very large companies are quite high, especially if they're really cyclical in nature.Peter Doyle
Operational efficiencies resulting from management interventions over several years, in terms of improved cost management, better quality of new business, more focused premium collection and more competitive investment performance in particular, are largely responsible for this incremental value-add for stakeholders,
Peter Doyle
As more people get on the Internet and they get more savvy and learn how to use it, they'll just go straight to the brands,
Peter Doyle
It just shows you how risky it can be, ... One company reported pretty good numbers and the market jumped very aggressively on that. I think it's going to be a case-by-case basis.
Peter Doyle
All those names on that list actually reflect kind of a margin of safety where even if the investment pieces don't pan out, you're likely to do well or not sustain a permanent erosion of capital. So that's what we've been focusing on,
Peter Doyle
The clearing prices for any financial asset is the level of interest rates, and the Federal Reserve has let its intentions be known that they're going to raise rates. So chances are it's going to be a volatile market.
Peter Doyle
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