Saxena Goes Off Gold and Silver

Just listened to Goldseek radio with Chris Waltzek and a Puru Saxena interviewed. Puru is a worldy, wise, and successful investor. Generally I see eye to eye with him, but this time he has come out strongly against gold and silver.
Partially because he is willing and able, because of Hong Kong tax laws, to buy and sell gold and silver with the seasons.

All of us who have been in the market for a while know that you can sell after March and buy back in around August and often bank quite a gain and avoid the major loss. I have to sit through this because I am not using trading vehicles.

Saxena wants out of gold and silver for good, thinking that the ETF's will do much better. I think short term, he is probably correct. Long term, I am not so certain. The food commodity cycle will peter out earlier than the PM's which tend to lag in the commodities market. He also believes the central banks and IMF will be able to crush the PM bull market.

That has generally proven to not be the case. He might be right, but I am putting my money in the PM's for the long haul. Energy is better right now, food is better right now, but gold and silver will be better later.

Puru...this time you may be right, but in the future, I think you may regret it.