With banks failing is gold the way to go ? As part of our recent Gold Report we spoke with Jeffrey M. Christian of CPM Group.  

Mr. Christian: “If you look at the gold market itself, the single most important fundamental that’s been driving the price up has been very strong investment demand. Investors have been buying more gold in more parts of the world for a longer period of time than ever before in history. This is over the last eight years. “

Mr. Christian also forecasts strong investment demand for gold and a big shift on the part of central banks away from being large net sellers of gold to being large net buyers.

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This entry was posted on Monday, July 6th, 2009 at 9:48 am and is filed under Natural Resources Stocks. You can follow any responses to this entry through the RSS 2.0 feed.