Thursday, 22 November 2012

A New Buyer is Entering The Gold Market

"I suspect that Japanese pension funds, insurance companies, banks, although they have to buy government bonds as almost a public edict because they can’t place the bonds, but talking to managers, there are switches going into the precious metals market. They are definitely buying up gold. Pension funds are doing that (buying gold). So there will be allocation shifts there."

- Ben Davies, via a recent King World News interview, read the full interview here: