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Gold Investment 'gaining traction'

Thursday, 2/18/2010 00:31

An increasing number of investment firms are buying gold on the back of resurgences in the US market.

That is according to Johannesburg-based AngloGold, which said in its earnings statement today (February 17th) that the state of the markets was leading to an upturn in investment across several domains, reports Bloomberg.

It said: "The US market continued its rally with the case for Gold Investment gaining traction with both retail investors and institutions.

"There is now also talk of significant bar purchases by some of the larger buyers which are opting for bullion," according to the news provider.

Meanwhile, Proactive Investors, the investment UK website, said the attractiveness of Gold Investment is likely to increase as a result of the current events in Greece.

It said: "Gold is seen as an alternative investment and moves inversely to the American currency, which weakened against the euro yesterday amid hopes of an imminent resolution to Greece's debt situation."

For the very best Gold Prices – live online – plus secure storage of your physical property in Zurich, Switzerland for one-third the cost of an exchange-traded gold fund, click through and register with BullionVault now...
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Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News, RSS links are shown there.

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