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'Crises of currencies drives the price of gold' gold play

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Crises of currencies drives the price of gold

-- gold play

Forum Post
03/28/09 06:38

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If you think we've got problems with the US dolar, try taking a look at the English pound or even the Irish punt. ~~

All currencies are in trouble right now, which has been a driver for the price of gold.

Barry Allan says the currency crises will persist and will feed the continuing demand for gold by investors.

Allan also explains that investors do not have to buy physical gold, but can invest in gold ETFs.

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