Private bankers bullish on gold

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).