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You Have to Think Differently to Make Money

from Kitco NEWS

Being contrarian can prove profitable, especially when it comes to gold, this according to E.B. Tucker, editor of the Casey Report.
Tucker said that contrary to popular opinion, rising rates can be good for gold, whereas stocks can be harmed.

“You have to think differently to make money. If you think like everyone else, you’re never going to make any money. So these are the times when you want to take your position,” Tucker told Kitco News on the sidelines of the International Mining Investment Conference.

Speaking on gold prices falling almost 2% on Tuesday’s session, Tucker said that this presents a good buying opportunity for investors.

“Physical gold is not really an investment, it’s an asset. So you buy assets when they’re fairly priced, or cheap, and so this is a time when you can do that,” he said.
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