NEW YORK, 2 January 2013 - Miguel Perez-Santalla, vice president in New York at BullionVault - the world's top precious metals exchange for private investors online - was interviewed today by leading US finance site, TheStreet.com.
Taped at TheStreet's offices near the New York Stock Exchange, Miguel tells TheStreet's viewers that the of "fiscal cliff" wrangling doesn't signal the end of gold's recent rally.
"Over the long term I don't think the fiscal cliff really represents much," he says. "World governments have been painted into a corner where they have to keep adding liquidity to help growth - and as they add more liquidity I believe we're going to see gold continue to rise."
Looking at the mining sector, and comparing gold-mining stocks' poor performance with gold's 12 consecutive years of gains, "What we're seeing is a gap between the inflation rates in the price of gold and the cost of operating these mines," says Miguel.
"The price is at a profitable level for them, but the demands being put on them by unions and other areas of the industry are hurting the mining companies."
Watch Miguel's full interview here:
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