Gold will stay high for a very long time

Gold's meteoric rise shows just how much the world has lost faith in paper money. And that's not about to change, says Bengt Saelensminde. Here, he explains how you can still profit from the yellow metal's recent highs.

As I write, gold is knocking on the door of $1,900 an ounce. And if you have been following my pyramiding gold strategy, you'll have noticed just how quickly those $100 up-moves have been coming round!

What we are witnessing is a seismic shift in the gold market. Investors and emerging market central banks across the globe are fed up with governments debasing currencies. So they are taking matters into their own hands. You could argue that they are re-establishing a gold standard.

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Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.