Ben Davies - Fair Value on Gold Today is Over $4,000
kingworldnews.com
FEBRUARY 09, 2012
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In an exclusive interview with King World News, Ben Davies told KWN the fair value of gold today is over $4,000. Ben Davies, CEO of Hinde Capital, also said the public is now starting to enter the gold market. Here is what Davies had to say: “The theme I had last time we were talking, ‘This was to be the year of defaults.’ I spoke specifically about a (coming) risk asset rally. One thing that was very evident to me, at the end of last quarter, from my trip to Asia and in conversations I had with fund managers here in Europe and the UK, it was very evident a lot of people had moved to cash.”
Ben Davies continues:
“What we’ve experienced since I was last on the show, and something I thought was very much in the cards, was this risk asset rally. We’ve seen the physical metals, some of the industrial metals have done very well out of the chute this year, posting double digit returns. Obviously they had been quite suppressed into the end of last year.
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