"Gold is the safest vehicle," said Afshin Nabavi, vice president of the MKS Finance division of the Swiss refining group, to Bloomberg this morning."People don't have much trust right now in the banking system...There's a lack of confidence in stocks."
Investor in US it's already talking on who is the next bank to fall, can't trust the bank and stock market going flat. Precious metal purchasing remains the logical choice.
Longer-term, says Roland Duss - co-chief investment officer at Gonet & Cie, the Swiss private bank based in Geneva - the price of Gold Bullion could reach $2,000 or more per ounce over the next decade.
Full story read here.
To those gold bugs outside there kindly hold on to your golds ...................if got spare cash Buy Gold!
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