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Commodities Briefing - Categorized | Bullion/Gold, Commodity Crisis, Investment more

Private bankers advise: “just say no to gold”

Posted on 06 October 2010

From Reuters: Gold is all the rage as investors flee uncertain markets and worry about inflation, but some bankers to the very rich do not take a shine to the precious metal.
Gold prices have spiked 22 percent this year, with investors sending gold futures to record highs of more than $1,337 on Tuesday. The weak dollar, volatility in currency markets and deficit worries boosted demand for the metal as a safe store of value……………………………………….Full Article: Source

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