3 ordspråk av Charles de Vaulx

Charles de Vaulx

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Middle East nations are getting more petro-dollars as (oil) prices rise, and they're not putting it back into paper assets. They're trying to protect the value of their profits -- just like in the 1970s -- so they're buying gold.

Four to five years ago when the equity bubble burst we were hopeful that gold demand would surface. But people went to other asset classes like real estate or hedge funds.

We're seeing both real estate and hedge fund become more uncertain now, and if it's going to happen, we'll see the investment demand for gold.

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