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Peter Bernstein talks about gold
Part 3, Feb 10, Peter Bernstein, author of Against the Gods and Capital Ideas Evolving, talks with Aline van Duyn, US Markets Editor, in his New York City office. He says gold's price rise reflects people running from uncertainty, in America and the rest of the world: "You can't eat it, can't live in it, can't do anything with it. But it's a hedge. And this is a hedgy kind of time."