CHRIS HART

ABSA, SE­NIOR TREA­SURY ECON­O­MIST

Finweek English Edition - - Cover -

POS­I­TIVE on gold. His “strictly per­sonal be­lief” is that gold will burst through its nom­i­nal high of $850/oz in the next two years.

“I watch the cur­ren­cies. When there’s strength in the euro I im­me­di­ately check what the dol­lar is do­ing. At the mo­ment, there are struc­tural is­sues, so even though the euro is not strong, the gold price is still gain­ing ground.

“Then there’s also the ‘looney left’ – the reap­pear­ance of na­tion­al­ism in places like Bo­livia and Venezuela that makes find­ing and pro­duc­ing gold from some of the emerg­ing economies harder to do. This ba­si­cally em­anates from greed.”

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