In the Press
Media coverage of BullionVault Gold Bulls & Bears Clash as Price Hits New Peak

LONDON, 19 July 2011 - World-leading gold ownership service BullionVault features today in analysis of the new record-high gold price from Ian Cowie, personal finance editor since 1989 of the UK's Daily Telegraph.

Writing in his blog for the top-selling British broadsheet, "You typically need to buy insurance before disaster strikes, but gold has just kept on paying," Cowie quotes Adrian Ash of BullionVault, "right since Bear Stearns' subprime hedge funds first blew up four years ago this week."

Responding to comments from independent financial advisers AWD Chase de Vere - who say its "possible" that gold is now in a "bubble" - "People first began talking about a [gold] bubble when quantitative easing began and the US stock market hit a 12-year low at the start of 2009," says Adrian.

"The gold price has doubled since then for Dollar, Euro and Sterling investors."

Explaining how "early buyers simply saw what's now plain to everyone" about global debt accumulation, "the only policy solution is either default or devalue," says Adrian.

"Creditors are sure to get stuffed either way. They always pay in the end, not the debtors. A growing handful of savers and retirees are choosing to opt out by investing in physical gold, which is rare, tightly supplied and indestructible."

You can read Ian Cowrie's full report on his Telegraph blog...

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