Gold News

Gold Buying will continue as money is created out of 'thin air'

The head of Blanchard and Company has suggested today (March 6th) that Gold Investment will continue to rise as people look for a safe haven in the current economic climate, Mineweb reports.

Analysts at the firm have suggested that Gold Prices will hit $1,500 per ounce this year as the US government's stimulus package has guaranteed investments, loans and deposits to the tune of around $8 billion.

Now chairman and CEO Donald Doyle has explained that this type of "creating money out of thin air" will lead investors to continue pouring their money into the yellow metal.

He told the news provider: "The fact that major investment banks like Morgan Stanley are forecasting inflation and even admitting the possibility of hyperinflation in the years to come suggests that investors will continue to increase their safe-haven buying of gold."

Indeed, Mr. Doyle's view was echoed last week by Peter Major, an analyst from Cadiz Corporate Solutions, who explained that the recent increase in gold prices underlines the level of fear about the state of the economy.

"It shows the extent of the panic in the market for the gold price to be trading so high," he told Mining MX.

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...


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