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Il Sole 24 Ore: How to protect savings from the Greek crisis?

LONDON, 29 April 2010 - World-leading gold ownership service features today in Il Sole 24 Ore, Italy's financial newspaper of record.

The broadsheet - published in Milan, and equivalent to London's Financial Times or New York's Wall Street Journal - quotes BullionVault head of research Adrian Ash.

Headlined as "the experts' opinions", Il Sole 24 Ore's report asks whether gold is a safe haven amid the Euro-bond crisis sparked by Greek, Spanish and Portuguese debt.

"During a monetary crisis, such as the Euro is involved in right now," replies Ash, "gold is a way to store wealth. The price is obviously not trading at a discount, but I do not believe gold is in a bubble.

"Moreover, being a hard asset, there is no counterpart default risk. And unlike real estate, gold is exchanged in an international and liquid market."

You can read Adrian's comments - in Italian - together with opposing views from Milan banking analysts, at Il Sole 24 Ore here.

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Il Sole 24 Ore