Press Release 31 October 2017 - World’s most successful precious metals investors talk up gold and silver in face of looming correction–Eric Sprott, David Morgan, Richard Hayes
MELBOURNE—TUESDAY – Investor and Precious Metals Investment Symposium founder Kerry Stevenson has assembled a chorus of sophisticated investment and economics experts in saying that precious metals such as gold and silver are the soundest long-term investment in the face of increasing uncertainty in Global and Australian property, stocks, and the exploding cryptocurrency market.
Since December 2015, Gold is in a bull market and continues to climb amid global uncertainty. Gold has a 10-year return rate of 177%, silver 134%. Analysts say that the current inflated share prices will wipe out over 50% of the value when, not if, the next major price crash comes.
Bitcoin, the most widely known crypto-currency or “blockchain” currency has seen a five-fold increase in price this year. It is still considered “illiquid and volatile” compared with traditional currencies, according to a CRN Magazine report (13 Oct 2017.)
“The property market is overheated and is due for a correction, and crypto-currency is like the wild west if you don’t have the right knowledge you can make huge investment blunders,” Stevenson says. “Precious metals investment is a strong long-term investment solution not only for sophisticated investors, but Australians looking to diversify portfolios; especially in self-managed superannuation funds. I don’t think anyone should sell their house and go “all in” with precious metals but you need to understand fiat currencies and why holding some precious metals should be a part of everyone’s portfolio.”
Outlining the safety of precious metals are billionaire investors David Morgan (The Morgan Report) and Eric Sprott (Chairman, Kirkland Lake Gold). Richard Hayes CEO of the The Perth Mint will also be speaking and has a long history and understanding of precious metals investing. They will be joining hundreds of exhibitors and investors at the Precious Metals Investment Symposium, to be held in Melbourne over 9-10 November.
The Symposium, now in its 8th year and for the first time in Melbourne, gathers over 35 mining explorers and producers, bullion companies, and other investment experts together to discuss investment insights and educate on future trends such as gold and crypto-currency investment.
Symposium will also host the 6th Annual Precious Metal Award Gala Dinner, sponsored by G4S International Logistics. This year’s dinner is held on Thursday 9th November at the Pullman on the Park will feature a keynote address from futurist Dr Remo Mettatesta as well as the annual Gavin Thomas Mining Award, The Maggie Bullion Award and the Hall of Fame Award. The dinner brings the industry under one roof to celebrate achievements over the past year and look towards a bright future.