A senior figure at NH Investment & Futures has suggested today (March 17th) that Buying Gold is set to remain popular due to the amount of money being printed across the globe, Bloomberg reports.
Fed chairman Ben Bernanke is set to meet colleagues today to commence a two-day summit in which the deteriorating economic landscape is set to be top of the agenda.
With that in mind, CS Oh, head of overseas futures at the Seoul-based firm, has explained that people will be looking to make a Gold Investment for some time to come.
He told the news provider: "Investors will continue to seek to hold gold because we see increasing liquidity globally. It is scarce, while money is not."
That view was backed up last week by Ashraf Laidi, currency strategist at CMC Markets, who suggested that all the necessary positive factors for the yellow metal are currently in place.
"The fundamental argument [for gold] is bolstered by the currency implications of central banks' quantitative easing and bank stocks' accelerating damage," he told Reuters.
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