Gold Must Be Held in Current Economic Environment, Pento Says

Gold must be held in an environment in which the Federal Reserve has pledged to maintain low interest rates and the U.S government is running current-level deficits, Michael Pento, president, Pento Portfolio Strategies, said at the Bloomberg Precious Metals conference in New York.

“We have to own gold,” in this environment, Pento said.

To contact the reporter on this story: John Deane in London at jdeane3@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.