private-bankers-bullish-on-gold

Private bankers bullish on gold

A spot poll of private bankers in Singapore reveals a unanimous view that gold will finish the year higher.

At a discussion with a key group of Asia's most powerful private banks in Singapore yesterday (Monday), we ended the discussion by getting a show of hands on various predictions for 2004 The nine who participated were American Express Private Bank; Bank Sarasin-Rabo; BNP Paribas Private Bank; Citigroup Private Bank; Credit Suisse Private Banking; Dresdner Private Bank; MeesPierson; UBS and Global Strategies (not a private bank, but an advisory firm for private clients)

Here are the seven questions we asked and the results:

Will gold be higher at year end than today
Yes = 9
No = 0

Will the Fed raise rates in 2004
Yes = 7
No = 2

Will the yen go through...

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