By John Morgan
MoneyNews
Gold may be on vacation, but it will come back soon, according to John Hathaway and Doug Groh, co-portfolio managers of the Tocqueville Gold Fund, because extreme monetary policies seen across the major economies in the world — namely Japan, Europe and the United States — are pouring a foundation of support beneath the yellow metal and its miners.
In a column for Investment News, Hathaway and Groh wrote that government policy is one of the best things gold has going for it.
The duo wrote that dovish Janet Yellen’s nomination as the next head of the Federal Reserve means near-zero interest rates are likely to be extended against a backdrop of increased gold demand in emerging markets like India and China.