TORONTO, Nov. 22 /CNW/ - Gold and copper prices are soaring as voracious demand and slumping supply push prices to record highs. One of the factors driving these prices is fear, says portfolio manager and author John Stephenson.
Says Stephenson, "beyond the rock solid fundamentals for commodities there is another factor driving prices higher - fear. Serious investors are flocking to gold, copper and other tangible real things whose value cannot be inflated away by heavily indebted governments intent on debasing their currencies in a desperate bid to boost their exports and breathe new life into their moribund economies."
The good news for investors is that the fundamentals of commodities mean that it's always a good time to buy.
John Stephenson is a senior vice president and portfolio manager with First Asset Investment Management Inc., where he is responsible for a wide range of equity mandates with a particular focus on energy and resource investing. John is the author of Shell Shocked: How Canadians Can Invest After the Collapse and The Little Book of Commodity Investing and writes a free bi-weekly investment newsletter, Money Focus. He was recently recognized by Brendan Wood International (BWI) as one of Canada's 50 best portfolio managers.
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or to arrange an interview with John Stephenson, please contact Deborah Guichelaar at 416.236.4433 x 53013 or [email protected]
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