Gold News

Investors urged to put faith in Gold Bullion

Investors have been urged to put their faith into Buying Gold, as economic uncertainty continues to destabilise global money markets.

Writing for MineWeb, David Hargreaves, of UK-based wealth management specialist WH Ireland, suggested that Gold Bullion and the US dollar remain the safest options for people looking to protect their assets.

He noted that, while paper currencies and other commodities have seen price fluctuations, the appeal of Gold is in its stability, both as a physical asset and an item of monetary value.

"Currencies heighten both economic and military tensions and the fuse-cap is gold. There is about 100,000 tonnes out there," he wrote, also highlighting how supply limitations will always serve to boost Gold Prices.

Another who is bullish on the future outlook of gold is investment bank JP Morgan's John Bridges.

According to The Business Insider, Bridges, whose company managed over $2 trillion of assets as of the end of 2009, the recent breakout in Gold Prices is a sign of things to come for the precious metal.

He noted that gold trades like a commodity when confidence remains high, but the panic being experienced by many investors over the current state of sovereign debt is likely to keep Gold Prices high for some time to come.

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