LONDON, 27 January 2014 – Financial advisors' magazine Investment Week today published an exclusive review and outlook on the gold market from Adrian Ash, head of research at BullionVault.
"The gold crash of 2013 had several causes," he writes. But "the speed of the turnabout in sentiment was caused by a sudden attack of rational thinking among investment managers."
Buying gold had seemed "perfectly rational when the world was losing its head" during the financial crisis, Adrian explains. But by 2013, fund managers felt "cooler heads were long overdue," marking a sea-change for gold after beating all other asset classes during the previous 10 years.
Also looking at the surge in Chinese demand, the impact of India's import restrictions, and the failure of rational thinking to earn a good return from other, "more predictable" precious metals, Adrian's article has also been republished by UK financial advisors' site, IFA Online.
Investment Week subscribers can read it here:
