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John Paulson: “By the time inflation becomes evident, gold will probably
have moved, which implies that now is the time to build a position in gold.”
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South Korea central bank: “Gold is a physical, safe asset, and allows
us to deal with changes in the international financial environment more
effectively.”
Morgan Stanley: “Gold remains our preferred fundamental metal
exposure heading into 2013... In recent years, global fiscal and monetary
developments have given gold a more prominent role as both a central bank
reserve asset and one with a value akin to cash.”
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