Egyptian billionaire puts half his net worth into gold

Egyptian billionaire Naguib Sawiris has revealed he put half of his $5.7 billion net worth into gold. Sawiris, who has large stakes in gold mining companies, said gold prices will rally to $1,800/ounce from just above $1,300 now. India and China won't stop consuming gold and "we are full of crises right now", Sawiris said justifying his bet on gold.