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Platts: Outlook for gold and silver in 2011

LONDON, 16 December 2010 - World-leading gold trading and ownership service BullionVault today features in the weekly commodities podcast from Platts, the professional commodity-markets news service.

In this week's podcast, Ben Kilbey - metals editor at Platts - interviews BullionVault head of research Adrian Ash, asking where he believes gold and silver prices are headed in 2011 and what the main drivers will be.

Recorded on Friday 9 December, just after gold reached new record highs in Dollars, Euros and Sterling, "I think the picture for gold [investment] continues to hold true," says Adrian, pointing to "low to negative real interest rates across the West...a lot of inflationary fears - and a lot of wealth accumulation - in China...and of course in the Eurozone, sovereign debt concerns.

"Increasingly, gold is being seen as more than just the 'anti-Dollar'...It's a fiat currency hedge, a ballast against over issuance worldwide."

Talking about BullionVault's strong business growth into the German gold investment market during 2010, and looking at the Far Eastern opportunity, Adrian and Ben also discuss this year's stellar rise in the price of silver.

"There is phenomenal demand for silver is you consider how small the market is," says Adrian. "When you get a wall of money coming into silver it will move the price that much more."

To listen to the interview now, go to Platts and register your email address for free access to the site...


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Source: 
Platts