NEW YORK, 2 July 2013 - Miguel Perez-Santalla, vice president of BullionVault in New York, appeared on Bloomberg TV's "Lunch Money" today talk about the latest results of the online trading exchange's Gold Investor Index.
Miguel told host Alix Steel that the Index was relatively flat during a big gold sell-off because "small" investors were buying while the "big" money was selling.
Miguel said he believes that the economic woes of certain European countries makes gold attractive now to some buyers, and others are buying gold as part of a long-term investment strategy. He also talked about the role that technology is playing in the gold market. "We actually saw someone sell $600,000 worth of gold through an iPad recently," Miguel said.
The Gold Investor Index is calculated using the proprietary data derived from the buying and selling patterns of the BullionVault global customer base.
You can watch Miguel's full interview with Bloomberg here:
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