NEW YORK, 12 April 2013 - The website of Investor's Business Daily, one of the top 30 investing sites in the world, tonight quotes BullionVault vice-president Miguel Perez-Santalla in a report on today's dramatic fall in the gold price.
Speaking on the proposed gold sale by Cyprus, "Central banks cannot afford the gold price to move lower," says Miguel.
"It devalues their holdings and makes their currency weaker. Gold sales, if done by central banks, will be done amongst themselves to avoid destruction in the marketplace."
You can read Miguel's full comments at Investor's Business Daily here:
Gold Crashes on Cyprus Fears; Time to Buy?
Gold bullion - Buy online at live gold prices.
Source:
Investor's Business Daily
