Ed Moy Quoted in MarketWatch; Bernanke on Gold

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Bernanke is only partly right about gold.

Federal Reserve Chairman Ben Bernanke said no one, including himself, understands gold prices, but that doesn’t mean you can’t.

By Myra P. Saefong

Quote:

“Focus on gold-price volatility has distracted most U.S. investors from noticing the strong demand for physical gold, especially by Asian investors,”

“Lower gold prices spurred the strong demand in Asia, resulting in a huge transfer of physical gold from the U.S. to Asian economies, especially China.”

To read the full article, head over to Market Watch-The Wall Street Journal.

 

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