HSBC Says Gold "Is Only Safe Haven"

BBC reports from London that David Bloom, HSBC's Head of Foreign Exchange Strategy say that Gold is the "only safe haven"  in extra ordinary times.

See story & BBC video here:


Bloom told the BBC this last week- Sept. 6, 2011:

The real beneficiary [of Swiss and Japanese easing] – which never complains, never prints itself – is gold.

And he told the Telegraph today:

The market must fear this will lead to a sharp escalation in currency wars. Gold is the only safe haven asset that will not do QE, put in capital controls or complain.