Gold News

Outlook for Gold Bullion remains 'bullish'

Gold Prices will continue to rise because the precious metal is a natural resource asset currently in the middle of an extended "supercycle", it has been claimed.

Speaking to Reuters, analyst Jim Rogers suggested that Gold Investments will continue to be seen as most buyers see it as a safe haven against paper currency inflation.

Recently, the value of Gold Bullion has risen to record levels in British pounds, euros and US dollars.

The typically bullish Rogers, who rose to prominence after the Quantum Fund he co-founded with George Soros returned profits of 4,200 per cent in the 1970s, believes the current upward trend will continue for some time.

"I certainly expect gold to go much higher over the next few years. Paper money is going to be debased and the price of real assets will be enhanced," he told the news provider.

That is something with which Aaron Smith, head of Superfund in Asia is in agreement.

He told Reuters that ones the market "fully digests the enormity" of current credit expansion which is funding the bailouts currently being seen around the world, "it won't surprise us" to see gold trading at $1,500.

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