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In spite of this year's significant gold price run-up, the rare-earth element has still not turned the heads of a lot of capitalists, said Will Rhind, founder and also CEO of GraniteShares in a meeting with Kitco on Monday.
Referring to the generalist financiers as "tourists," Rhind stated gold is still searching for love from the broader market.
" The tourists are not right here. They're not in this market yet, [yet] when we start to see the vacationer rushing into gold, you'll know it," claimed Rhind.
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The precious metal that got left behind - Will Rhind
Despite this year's dramatic gold price run-up, the precious metal has still not turned the heads of most investors, said Will Rhind, founder and CEO of GraniteShares in an interview with Kitco on Monday.
Referring to the generalist investors as "tourists," Rhind said gold is still looking for love from the broader market.
"The tourists are not here. They're not in this market yet, [but] when we start to see the tourist rushing into gold, you'll know it," said Rhind.
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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