LONDON, 15 February 2014 – Spanish newspaper Valencia Plaza today publishes its interview BullionVault's head of research, Adrian Ash.
Marking the 2nd anniversary of BullionVault launching its Spanish-language website, and following the recent shutdown of gold retail shops in Spain due to poor business, "We cannot say that the gold bubble has burst, but you can't deny that the trend has dramatically changed," Adrian explains.
Thanks to improved economic data in the West last year, "Gold became less urgent, but no less necessary" as financial insurance, he adds.
With BullionVault launching new sites for Chinese speakers this month, Adrian notes that China is the world's "biggest gold consumer". But 2013's sharp drop in gold prices proved that Chinese consumption is still secondary to investor demand. "What moves the price is demand from people who buy gold because it isn't anything else," he says.
Read the full article in Spanish at Valencia Plaza:
Adrian Ash: "La gente necesitada ya ha vendido las joyas y el boom del oro acabó"
