Mar 02, 2018 Guest(s): Nolan Watson
The prospect of higher economic stress, followed by more equity volatility may prompt investors to reconsider buying back into gold, said Nolan Watson, CEO of Sandstorm Gold."About a month ago, when the stock market went crazy and the VIX blew up...and it sort of hinted that the global economic system, with record debt levels, is starting to show signs of not cracks but stress," Watson told Kitco News on the sidelines of the BMO Global Metals and Mining Conference. "And when you have that much money moving around, things start to get a bit shaky, and that's when people are going to look to gold."On bitcoin, Watson noted that the cryptocurrency has only hurt gold on the retail investor side, since large institutional investors have yet to allocate large quantities into blockchain funds. "Retail investors that are looking for very quick returns are getting them faster in cryptos and so they're moving over there, and gold's less sexy and less exciting right now. I think that we're going to see a reversal of that once the shine comes off cryptos," he said.