Think ‘Risk Versus Reward’ When Contemplating Gold Investing – Veteran Trader

KITCO NEWS -- When thinking about investing in gold, investors should weigh the risk versus the possible reward, said Todd ‘Bubba’ Horwitz, host of The Bubba Show and a veteran trader. Speaking to Kitco News on the outlook for gold in 2016, Horwitz said, ‘we are probably near the lows if we are not already there.’ On whether investors still care about the yellow metal, Horwitz said, ‘I look at it as a commodity not a currency -- the probability model states that we probably will go higher; there is a lot more value than it is currently priced and there is an opportunity to the upside,’ he said, adding longer term investors want to be an owner of gold. Horwitz explained that the possibility of gold heading lower in 2016 does not cause him to lose sleep, ‘If we go down another 4%-5 % -- it doesn’t concern me. As we go down it is more of a buying opportunity.’