Many people post to YouTube without building much of a viewership and Arnie Waters is apparently one of them. His "Morning Call" video postings are not universally well-attended. In fact, many videos of cats seem to get better viewership than Mr. Waters.
Nonetheless, he is a money manager and chairman of A.L. Waters Capital – a money-management firm that specializes in precious metals – and his bold prediction about gold caught our eye. You can see it below by clicking the video link.
Now, we don't know much about Mr. Waters and it is perfectly possible that in this regulatory environment he has ticked a red line or two (as many have). But the points he makes are both lucid and measured, and it's not like he hasn't made them before. He was quoted in Forbes back in October as predicting that gold could go to $2,500 by Spring 2012.
In the Forbes article he made some points that he again makes in this video. The structural economic problems in the US and Europe, he points out, won't be fixed quickly, and with the Chinese economy showing signs of strain, "gold becomes a proven investment choice."
And, he added, "We have an economic system that is crippled and it won't be fixed overnight. Even if we had our political system united and had good will, it will still take time." Perhaps gold may run in the meantime ...
Ed. Note: Please note we are not endorsing Mr. Waters view, only presenting it.
(Video from 9tubaman's YouTube user channel.)