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Bloomberg: Gold Rises on Demand for Jewelry in India, Hedge Against Stocks

LONDON, 21 April 2009 - Paul Tustain, founder & director of BullionVault - the UK's No.1 physical-gold investment service -is quoted by Bloomberg News in its latest coverage of the global gold market.

Forecasting that gold prices may double over the next five years as investors seek an alternative to cash, "I regard gold as a good way of storing value when currencies can't be trusted" amid either deflation or inflation, Tustain tells the newswire.

Gold rose to a record $1,032 an ounce in March 2008. Tustain's medium-term outlook could see the price reach $2,000, he explains, because "the expected return on cash is negative and will be for the foreseeable future.

"That creates a very good market for owners of gold."

You can read Bloomberg's full report here...

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