Raiffeisen recommends - "Hands off of Gold"

BusinessCommodities ♦ Published: July 14, 2010; 00:00 ♦ (Vindobona)

RLB-manager Gerhard Rehor interprets rising gold price as signs of a bubble, and discourages investment.

Raiffeisen recommends - "Hands off of Gold" / Picture: © Vindobona.org

Gold is still one of the most speculative instruments at all.

"Hands off of gold," says the Managing Board of Raiffeisen Landesbank Niederösterreich, Gerhard Rehor. After several years of soaring gold prices one should be quite skeptical, "bubbles look exactly like this," said Rehor.

Speculative Business

The gold price could has the potential to rise further, the…

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