Gold News

Expert derides Gold Investment non-believers

A commodity reporter has suggested that industry analysts who do not anticipate further Gold Price increases "don't have a clue".

Writing for Mineweb, the independent New Zealand-based commodities news service, gold commentator David Levenstein said that there was every chance 2010 would herald a continuance of rising Gold Prices, before deriding those who thought otherwise.

He said: "I for one am extremely bullish on gold. For the last nine consecutive years, gold's performance has been one of the best out of all the different asset classes.

"Despite this, there are analysts who continue to denigrate gold as an investment. Obviously they don't have a clue about precious metals and fail to see what an upward trend or bull-market is."

Last year, gold increased in value by 26 percent - a figure that people Investing in Gold will hope to see mirrored this year.

Mr Levenstein's assertions echo recent comments made by the UK's Association of Investment Companies, which suggested that most gold asset holders felt the Gold Price rush would continue in 2010.

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