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"These newer players include the investment banks Bank of America, Royal Bank of Canada and Bear Stearns. BNP Paribas, which has always had a presence in gold is now putting a primary focus in the market because of demand for price and revenue protection, as well as calls for structured notes from investors. ?Gold is perceived now as a viable asset class where perhaps a few years ago it wasn?t,? says Rovert Davis, head of bullion trading at BNP Paribas. ?There certainly a lot of people out there who want exposure to the gold price as it?s perceived as the ultimate hedge against inflation,? he continued.
now, i've got nothing to do all day....
Posted By: Stoopish, Jul 13, 16:01:04
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