Gold News

Buying Gold has 'true value'

People considering Buying Gold should not be deterred by the fact that it is not as accessible as cash, for the precious metal has "true value".

That is according to Pamela and Mary Anne Aden, the reputed financial markets analysts and commentators, who suggest that the relationship between Gold Prices and economic uncertainty makes the precious metal valuable.

They said: "Gold is money. It's the currency of last resort when monetary times are difficult. So when gold rises in all currencies, as it's been doing for several years, you know the rise is enduring and superior.

"So even though gold has no yield or earnings to measure like the other markets do, it has true value."

The impact of economic trends on Gold Prices is a factor that has also recently been highlighted by James Steel, precious metals analyst at HSBC.

He told the Financial Times: "The likelihood, however remote, that accumulated debt will force the Fed to monetise US debt and that the Fed could lose some of its independence, is supportive of Gold Prices, due to its inflationary implications."

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