Gold News

Investors tipped to buy gold in 2009

The decision of governments and central banks across the world to introduce economic stimulus packages and reduce interest rates will prompt more people to invest it gold, according to Jayant Manglik of Religare Commodities.

In an Economic Times interview, Mr. Manglik speculated that attempts to ease the money supply will see augmenting demand for gold and other commodities.

Specifically, he said that demand for gold would rise first followed by that of other base metals and crude oil.

"Investors will go long gold, crude oil and metals," Mr. Manglik told the Economic Times.

With demand set to increase, now could be a good time to invest in gold - something which David Murrin, chief investment officer at Emergent Asset Management, has picked up on recently.

"The U.S. will have a debt crisis next year alongside a currency crisis. The dollar is on the verge of taking a complete dive," he told Reuters.

"Gold will rally because it's a surrogate currency, I can see it reaching its highs within 16 months."

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