LONDON, 23 January 2015 – Japan's leading financial newspaper, the Nikkei, today quotes market analysis from BullionVault in an online report about how this week's launch of quantitative easing by the European Central Bank has moved the markets.
"Gold may have been maligned in the past as an asset with zero yield," the Nikkei quotes Adrian Ash, head of research, alongside analysis from major Japanese financial institutions such as Nomura.
"But now, with negative-yielding core-European government bonds, the zero yield on gold looks more attractive."
Looking at the recent turmoil unleashed by the Swiss decision to stop pegging the Franc against the Euro, "Central banks do lose control," says Adrian, "gold can be a vital hedge.
"Unlike a government bond or any other debt investment, it cannot default or go bust. Demand for gold as a safe haven will continue."
Read Adrian's comments in full at Nikkei online here (Japanese):
