Gold Investor

Does a unit of gold still buy the same amount of bread today as it did 2000 years ago during the time of Jesus? This is a good interview from Bloomberg for a non-paper/financial instrument perspective on gold. In it, Petropavlovsk Chairman and Co-Founder Peter Hambro brings some much needed wisdom to the financial press by differentiating between the much speculated paper price of gold versus the demand, supply and price dynamics of the actual physical metal.

Hambro refers to gold not just as an investment but what he calls, “wealth insurance.” It is also interesting to see the not so subtle level of 'discomfort' or 'unfamiliarity' that is shown by Francine Lacqua and Manus Cranny as they try and ask him some questions regarding gold.