World Bank President Still Likes Gold

On the sidelines of Tuesday's WSJ event, I probed him on the topic. It's clear that Zoellick is a big fan of gold. I have asked many high profile officials and investment people about gold, they usually yawn. Zoellick seemed pleased with the topic. I asked him for his current view on gold, he smiled, stopped himself and said, "No, I better not."

But then he added, "Anybody who listened to me last year is showing a nice profit." Gold is up about $300 an ounce since he wrote the Op-Ed. I asked him if those who listened to him last year should sell?

He looked at me, thought for a minute then said, "The uncertainty is still making gold a good investment."