Bullion "will do well in this environment where central banks will continue to print"
John Reade, senior vice president at Paulson & Co., made the following comments at the SALT conference in Singapore today.
"I think gold
has an appropriate place in a portfolio during certain macroeconomic circumstances and I think that's right now.
''Under the right macroeconomic circumstances, gold
is a good place to be and those circumstances will continue to play out over the next few years.
''And there is no doubt the expectation or the announcement of QE4 or QE infinitive has been positive for gold
and I would expect gold
will do well in this environment where central banks will continue to print and where monetary policy is still in an extraordinary condition.
''We are in a low-growth environment with high U.S. unemployment for the next few years. I can't see any way monetary policy can be normalized quickly.''