Gold & Hyperinflation
The role of gold amid today's hyperinflation risks...
IS HYPERINFLATION a credible threat to your wealth today?
Paul Tustain, founder and CEO of BullionVault – the world's largest store of privately-owned gold – thinks so.
He believes the West's "comfortably-off" middle classes could be destroyed by the cost of living doubling over the next five years – a view he presented to the 2009 Investors' Forum held by CLSA, Asia's leading independent broker and investment group, last month.
Joining such experts as Marc Faber, Christopher Wood, Robert Fisk, Anthony Bolton, Niall Ferguson and Jim Rogers, Paul spoke about gold and hyperinflation to more than 400 finance professionals at a series of face-to-face meetings in Tokyo, Hong Kong and Singapore.
"On the tour, and to begin with rather nervously," says Paul, "I painted the picture of gold's tight supply versus the currency glut of hyperinflation. By the end of my tour, hardly a word of professional dissent came out.
"With that in mind I have decided to put it down in writing, and try to help other investors and savers make up their own minds about gold's value if hyperinflation takes hold."