CNBC Europe
Wed. May 26 2010 2:40 AM ET
Gold has reached record highs in recent weeks, but it will continue to go much higher in price, Ben Davies, CEO, Hinde Capital said. Davies said he views gold, not as a commodity, but as a cash supplement. Less developed countries will buy gold to increase reserves, he added. LINK...
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Unfortunately the rise of gold brings about a decline of the financial system and most fiat currencies, but for those family dynasties who want to protect their accumulated wealth like the Rockefeller's and the Rothschild's, GOLD is the ultimate currency. As mentioned in the interview, the ultra wealthy always come out of a crisis owning gold, so why not follow their lead? GCC
