Gold News

Investors Buying Gold 'expecting inflation'

With Gold Prices currently rising to all-time highs, the Economic Times of India has highlighted how the cost of Bullion could continue to rise if the world's governments are forced to print money.

Despite the global progress made towards economic recovery in recent months, investors Buying Gold remain convinced that serious inflation is around the corner.

"Post March 2009, though the world economy has seen good recovery gold has not lost much value, indicating an undercurrent that expects higher inflation as a by-product of the economic recovery arising out of stimulus," it said.

The precious metal has been the traditional hedge against inflation for hundreds of years, the publication notes, helping investors during that time to ensure their purchasing power doesn't fall.

"It is seen as a monetary asset worldwide that acts as a quasi-currency," the publication explained.

Meanwhile, the Business Standard reports that the value of Gold Bullion is to remain high for the remainder of the year.

It also noted that India remained the largest consumer of gold in the world during 2009.

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