Investing in Gold remains popular thanks to continuing concerns surrounding inflation, Reuters reports.
While the article suggests "frenzied" activity in the Gold Bullion market is unlikely, it nevertheless appears probable that Buying Gold will continue to be seen as a viable option by investors as it is traditionally seen in a more favorable light in times of economic turmoil.
Recent announcements in the US concerning cash injections into the economy have sparked fears of inflation, pushing the price of gold higher.
Brian Hicks, a portfolio manager at US Global Investors, believes a lack of options may also boost gold's appeal.
"There are just not a lot of alternatives for global investors," he told the news provider.
"You will see more and more investors moving into gold as a safe haven, and you will see more institutions putting money into commodities indexes."
Darren Heathcote, head of trading at Investec Bank, confirmed gold's status as a safe haven in a Bloomberg interview today (Tuesday, March 31st).
He was speaking in the wake of news that holdings in the SPDR Gold Trust, an exchange-traded fund (ETF) backed by gold, had hit record highs.
"The ETF trend still lends a positive undertone to the gold market," he told Bloomberg.
"From a safe-haven stance, gold remains supported."
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