The Money quote on Gold from Chris Wyke

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Tim at TheMess has a fantastic quote from Christopher Wyke which, in only a few sentences, pretty much sums up the strength of gold as an asset class (I am unabashedly long gold, and this is not to be considered investment advice!).

Here’s Wyke:

Wyke: I think people have been investing in gold as a safe haven, as an alternative to stocks. But what’s really impressive is that the gold price is up by about 25 percent in the last four months at a time when the dollar’s been strong and no one’s been worried about inflation. I think, when that turns around, when the inflation concerns arise again, and if the dollar is to fall again, then gold could move very sharply ahead.

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