Keep buying gold - but for how long?

The reason people are stockpiling gold is to insure against financial meltdown. The price won't start falling until they decide the dangers have passed. Bengt Saelensminde looks at when that might be.

As the French strikes took hold a few weeks back, we watched as locals rushed to the nearest filling stations - determined to stockpile petrol in the belief they were about to be cut off.

People were at the filling stations with cars, jerry cans, bottles; anything they could get hold of to carry some fuel. For days the politicians and oil companies had been promising that there were was enough petrol to go around. But nobody listened.

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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.