LONDON, 15 August 2012 - Paul Tustain, founder and chief executive of BullionVault, today challenges a recent rebuke to gold investors published by the Financial Times in a letter to the editor.
By advising investors to "cash out of useless gold," Tokyo-based analyst Peter Tasker at Arcus Research "seems to feel that 'human history' has now reached its end," writes Paul, "and gold has become just another financial asset.
"But such distrust [of the financial system] as we have seen so far [since 2007] may only be the beginning of a long and uncomfortable period in the sweep of human history," he explains, before adding that "Those of us who own gold accept the risk associated with a falling gold price.
"It is credit risk that we wish to avoid and the return of our capital that we wish to ensure. History has never recorded gold's value as zero."
Subscribers to FT.com can read Paul's letter in full on the newspaper's website here...
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