Comments on the move on gold

Discussion in 'Gold' started by cor.zest, Sep 20, 2012.

  1. cor.zest

    cor.zest New Member

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    A press release containing the thoughts of LJ Financial - for those interested.


    Media Release
    For Immediate Release
    SURPRISE BANK OF JAPAN MONEY PRINTING DRIVES GOLD FURTHER UP

    The Gold Price has surged once again following the decision of the Bank of Japan to begin a massive stimulus.

    Physical gold bullion is in hot demand with investors seeking protection from the possibility of inflation due to monetary expansion.

    Jordan Eliseo, a licensed investment advisor with LJ financial comments on the impact of the BoJ move on gold:

    "We now have a hat-trick of The US, Europe and Japan - they are all printing money and I don't think anyone expected to see it catch on in Asia so fast"

    "The implications for Australian investors, both those holding Gold and those who don't could be immense, especially with growing pressure on the RBA to devalue the Australian dollar to restart the flailing export and manufacturing sectors"

    "If you look through history, you'll see gold has always been money - at times like this, you can see the flows from fiat currency happen right before your eyes."

    - Ends -
     

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