Gold News

More people Buying Gold, says expert

The commodities market has created a new gold standard as a result of the increase in Gold Investment trends.

That is according to Marc Faber, the reputed international commodities investor, who suggests that market practises have created a new regard for the yellow metal, according to CNBC.

He told the news provider: "I think we already have now a gold standard created by the market place. We have the exchange traded funds that have proliferated and we have more and more physical Buying of Gold."

Meanwhile, Rhona O'Connell, managing director of GFMS Analytics and winner of the Commodities Analyst of the Year award for the Association of Mining Analysts in 2007, reveals that those who are Buying Gold could be in for a windfall in the medium term.

She told Mineweb: "The average for the final quarter of this year is forecast at $1,325. The gold average for 2011 is expected to be the highest for the medium term."

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