The number of traders Investing in Gold could increase as a result of market revelations surrounding the safe haven qualities of various bonds.
That is the opinion of Martin Hennecke, an associate director at Tyche Group Ltd in Hong Kong, who believes that demand for the precious metal could increase as investors discover that US and German bonds do not offer a safe haven from Greek, Portuguese and Spanish bonds, according to MarketWatch
He told the news provider: "With the safety of US and German debt soon starting to become questioned, the default-and-inflation-proof asset class of precious metals will most certainly become an increasingly popular investment alternative again."
As well as those Investing in Gold for its superior safe haven qualities to certain bonds, there are also a number of investors who believe the precious metal will pick up from the slight price stagnation experienced at the end of 2009.
Frank Lesh, broker and futures analyst with FuturePath Trading, told the Wall Street Journal that "there are still some bulls out there".
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