Gold News

Gold Bullion is 'not just a currency trade'

Gold Bullion has been hailed as being more than just a currency trade.

William Rhind, strategic director for ETF Securities, said that the precious metal is, for the first time in nearly a year, being discussed in financial circles as a legitimate and reliable safe-haven, rather than a currency trade, reports the Associated Press.

He told the news provider: "For the first time in months, (investors are) talking about gold as a safe-haven investment, not just a currency trade."

Meanwhile, Ronald Leung, director of Lee Cheong Gold Dealers in Hong Kong, said that there had been some interesting activity in the Indian market, with a mixture of buying and selling in the physical sector.

However, He told the Economic Times that while there had been some selling by investors operating in that particular marketplace, sentiment remained bullish.

He told the news provider: "We've seen a two-way activity at around these levels. Basically, we are still bullish on gold."

To Buy Gold today, avoiding wide spreads and storage costs – but still owning your physical Gold Bullion Investment outright with full legal title – be sure to visit BullionVault and claim a free gram of gold now...
ADNFCR-1047-ID-19762869-ADNFCR

See all articles by Gold Bug here.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn

 

 

Market Fundamentals