Gold Investment demand 'underpinning market'
Demand for Gold Investment is rising as more buyers look to secure their asset portfolio's against long-term risks.
That is according to Jason Toussaint of the World Gold Trust (WGT), a unit of the World Gold Council, who said that rising Gold Prices in the market are being underpinned by increased investment demand.
The managing director of investments at the WGT told Reuters: "Investors are understanding that the repercussions of the global crisis are far from over.
"It does point people to focus more on wealth preservation and downside risk protection, and gold is of course a useful tool to address those concerns."
Many investors and analysts have pointed to Gold as a hedge against long-term inflation caused by money printing and spiralling sovereign debt levels as a result of the recession.
This is something which Marc Faber, author of the Gloom, Boom and Doom report is in agreement with.
Dr Doom recently told CNBC that developed nations have huge debt to GDP levels.
"These unfunded liabilities are so huge that eventually these governments will all have to print money before they default," he told the channel.
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