Gold News

Investors are Buying Gold 'in more efficient way'

A prominent figure at ETF Securities claimed today (November 18th) that the simplicity of making a Gold Investment is contributing to the metal's current rally.

Individual buyers are increasingly turning to gold to provide a safe haven in the present economic climate or as a hedge against inflation further down the line.

Brian Kelleher, senior vice-president of the firm, noted that the plethora of available investment options - plus central banks becoming net buyers - is a positive influence on Gold Prices.

"I think you're seeing the retail public able to invest in gold in a much more efficient way. And you're seeing some significant central bank buying," he told The Street.

Meanwhile, Jim Steel, senior vice-president and metals analyst at HSBC - which is the world's largest banking group - has also sounded a cautiously optimistic note for gold.

Speaking to the Wall Street Journal last week, he explained that prices will rise further while the dollar - which shares a negative correlation with gold - continues to struggle.

"Until the dollar puts in a convincing rebound, then the onus is to the upside in gold," he told the news provider.

Researching your first Gold Investment today? Don't pay more than you should! Make it cheap, simple & ultra-secure at BullionVault...ADNFCR-1047-ID-19467143-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