One speaker at the Total Wealth Symposium is bullish on the precious metals, calling for gold to remain strong as more “black swan” events start to creep up in the global economy. Speaking with Kitco News, Barry Potekin of RMB Group says he always looks for investment strategies that will bring back 7-10 times their initial investment, and gold might just do the trick. “Besides owning it for the long term…I like gold, silver, platinum and palladium,” he told Daniela Cambone following his presentation at the conference. As for the Federal Reserve and interest rate hikes, which have weighed on gold this quarter, Potemkin says it doesn’t really matter. “I don’t think the Fed is going to, but if they do, so what?” he questioned. “Initially, maybe the markets will go down but they’ll recover. The Fed is out of bullets, the world is in a mess.”
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