Wednesday, April 28, 2010

Gold is the "ONLY CURRENCY": Strategist

Gold is "the only currency" worth investing in as it is a good hedge against the eurozone’s fiscal troubles, said Mathew Kaleel, co-founder & portfolio manager, H3 Global Advisors.
"Gold, and every currency, is going up. It’s going up a lot more than (the) euro and sterling," Kaleel said on CNBC Tuesday.
He believes Europe’s fiscal issues have not ended as yet, saying the International Monetary Fund’s package for Greece is "literally a band-aid solution." LINK...