Quote of the Week

“Not only does (gold) have the vital characteristic of allowing diversification, in particular when financial markets are highly integrated, in addition, it is unique among assets in that it is not issued by any government or central bank, so it’s value cannot be influenced by political decisions or by the solvency of any institution. These features, coupled with historic and psychological reasons, stand in favour of gold’s importance as a component of central bank reserves.” ~ Salvatore Rossi, director general of the Italian Central Bank