Fears surrounding the state of the economy are expected to prompt more people to start Investing In Gold, according to the chief investment officer at fund manager London & Capital.
In an interview with Reuters, Ashok Shah speculated that Investing In Gold is becoming more popular in response to inflationary pressures and fears that the economic situation could deteriorate further.
"Governments are supplying liquidity into the system and unless they sterilise it (issue bonds) they are laying the foundations for much higher inflation for years to come ... These are the things gold thrives on," Mr Shah told the news provider.
"More corporate, financial and economic bad news will do the trick. Once it gets a foothold and picks up momentum gold can easily break through to new highs."
Predictions that the dollar will weaken are also expected to drive demand and prompt more people to consider Gold Investment.
Traders expect more people to Buy Gold in response to the US Government's proposed economic stimulus package, Bloomberg reports.
A survey of 27 internationally-based industry professionals conducted by the news provider found six advised buying compared with the five advocating the sale of gold.
The stimulus package has been tipped to spark inflation, which would lead to people rushing to Buy Gold as it is traditionally seen as a safe haven.
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