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BBC Radio 4's Today: Gold's New Highs Thanks to "Default or Devalue"

LONDON, 15 July 2011 - BullionVault head of research Adrian Ash appeared this morning on the BBC's flagship news and current affairs programme, Today on Radio 4.

Interviewed by Business presenter Dominic Laurie, Adrian told the show's seven million listeners how the Eurozone and US debt crises have led a small but growing handful of savers to buy gold as defence against the "default or devalue" outcome now looking inevitable.

Noting a possible short-term risk to gold prices if "all correlations go to 1" amid a financial panic - as happened during the Lehman Brothers' collapse of late 2008 - "Longer-term it's very difficult to see gold not benefiting from these problems," Adrian said.

Recorded on a day when some BBC staff went on strike to protest against cuts, Adrian's interview is not available - as is usual - on the BBC's iPlayer archive.


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Source: 
BBC Radio 4's Today