This is what Nick Clegg just said about City investment funds needing to give up on gold and put their money (i.e. people's pension money and savings) in big infrastructure projects instead:
"I expect Lord Green* and his team to be as active in making sure that funds in this country which have got significant resources don't just either sit on the money or invest it - for the sake of argument - in safe assets like gold and explain to them why infrastructure investment is a sensible thing for them to do for a return on their own funds.
*Trade and Investment Minister
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