In the current environment, we prefer unhedged, physically-backed positions over equities and paper investments in gold.Gold - The Ultimate Currency, UBS research focus
We think that the price of gold has yet further to rise. Our target is about USD 1,500 per ounce in 12 months’ time.Gold - The Ultimate Currency, UBS research focus
Like any other currency, gold actually has many prices. Thus, saying that gold is too expensive in USD terms is the same as saying that the USD is too cheap in terms of gold. Again