Kevin O'Leary's on Gold Investing Truth



Get Free Gold Investment Kit: http://2by.us/gold Kevin O'Leary, Canada's equivalent to Donald Trump, is a believer in gold but not the companies that mine the metal. He looks for gold stocks to continue to head lower. Watch the interview here. The venture capitalist and one of Canada's wealthiest individuals said that people often bring him the idea of switching out of physical gold and the SPDR Gold Trust and buying the miners. "They have had the living you know what pounded out of them and they are at the lowest valuation vis-à-vis the commodity itself. I say they are going to go lower," said the colorful entrepreneur and author of The Cold, Hard Truth. O'Leary is the chairman of O'Leary funds, a $1.5 billion mutual fund company and star of CBC's Dragons' Den and ABC's Shark Tank. He began his fortune with a software company in the basement of a small Toronto home. His mother provided the initial investment of $10,000 that he used to start software publisher SoftKey. The company later became The Learning Company and merged with Mattel in a deal worth nearly $4 billion. The reason gold stocks are not performing in tandem with the price of gold comes down to "idiot management," said O'Leary. " There is no reason to own the miners. If your cost to actually mine an actual ounce keeps going up, why would I ever buy the stock?" said O'Leary, comfortably seated in his Toronto office. " I say they are mismanaged. If a manager can't control his costs, fire them." O'Leary interviews most mining CEOs on The Lang & O'Leary Exchange, his other gig on the CBC network in Canada. "I show him his chart (mining CEO) and I show them the price of gold and they are ugly. You'd rather own gold, never own the miner." More Resource: http://silvergolddaily.com/ Gold: http://en.wikipedia.org/wiki/Gold Silver: http://en.wikipedia.org/wiki/Silver IRA Account: http://en.wikipedia.org/wiki/Individual_retirement_account Gold Backed IRA: http://en.wikipedia.org/wiki/Gold_IRA silver gold "gold ira" "gold ira rollover" "buying gold" "how to invest in gold" "jim Sinclair" "laura ingraham" bullionvault "bullion vault" "gold bullion" "why buy gold" "gold investment" "invest in gold" "glenn beck" "investing in gold" "gold stocks" "gold investment news" "gold investing" "how to buy gold bars" "rush limbaugh"

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    Duration: 19m 12s

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