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CNBC - Market Pro Says Gold Price Held Back By Central Banks

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Uploaded by on Jul 29, 2010

Hinde Capital CEO Ben Davies talks to CNBC about gold being undervalued and its price being held back and the commodity is still the world's "currency of first resort". Davies thinks the gold price has been held back for the last 30+ years and their is an excess of both fiat money and paper gold that will drive prices hire.

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  • Early November 2010, gold hit a high of 1,424. Good call, Ben Davies! And Silver... Bullet, indeed!

  • It's not that gold will soar because gold is so undervalued as opposed to being in a bubble, it's because our world economy is in a mega (debt) bubble.

  • Gold isn't held back by the central banks, if anything it's being supported as central banks keep gold in place of FX reserves.

  • Gold is undervalued while at an all time high?

  • Great... thanks for posting...... 2x Maria refers to gold as a currency..... Apparently at New York University, where she majored in journalism and minored in economics, they don't teach the difference between currency and money.... She was totally lost throughout the interview...

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