IVA's de Vaulx says gold not too expensive

13 December 2010  Reuters

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Gold is neither cheap nor "outrageously expensive" and is a valuable hedge against inflation at a time when owning long-dated bonds is risky, Charles de Vaulx, portfolio manager at International Value Advisers, said on Wednesday.

http://www.reuters.com/article/idUSTRE6B73CU20101208