Royston Parker - No Better Environment In Which To Own Gold And Silver

Online, August 2, 2012 (Newswire.com) - As a long-time gold bull and the chief investment officer of Hong Kong based Royston Parker, Francis provided his latest thoughts on the financial markets, central banks, and the European debt crisis in an interview with King World News.

With regard to precious metals, Francis stated that "We've got a real great opportunity here to buy gold and silver at great prices. Those are the two assets that I'm totally comfortable with in what I see unfolding. And that is an economy that can't get out of it's own way, which will require massive amounts of liquidity."

"I can't think of a better environment in which to own (physical) gold and silver," he added, "as opposed to all of these paper assets that people are clinging to."

Francis also asserted that "More importantly, the very fact that, in the last two years, collectively central banks have moved from being sellers of gold to being considerable accumulators, who in the world would know better about what's coming than these guys? They created the problem."
As for Europe, Francis noted that "The problem is, the things that would have to be done to make the euro work cannot be embraced by the Northern Europeans...It would mean complete debt-sharing, fiscal unions, a political union, and there are so many conflicting points of view, in all of these countries, that you can't go there. And in the absence of going there, it isn't going to work."

Francis's full interview - which also includes his views on gold mining stocks and potential manipulation in the gold market - can be heard below: