Gold News

Gold Bullion offers investors a 'place to put cash'

Gold Bullion has been championed as an effective investment tool in time of economic uncertainty.

Nicholas Brooks, head of research and investment strategy at ETF Securities, the London-based investment management firm, believes that Gold Investment offers financiers an opportunity to put their cash into a safe haven asset, according to Mineweb.

He told the news provider: "In February we saw the Gold Price hit an all-time-high in both euro and in sterling. It is quite a significant event when it moves to an all-time-high in two of the other world major currencies.

"That highlights to me that investors are all looking at gold as a place to put cash during a period when there are growing concerns about government intentions and government policies."

The precious metal's safe haven qualities have also been highlighted by Anand James, chief analyst at Geojit Comtrade, a trading services firm based in India, who states that the surrounding market conditions could push up Gold Prices, according to the Economic Times.

He told the news service: "Safe haven premium and inflation hedge status due to firm oil prices could drive the yellow metal towards $1,160."

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