Gold News

Gold Investment may rise 'on inflation fears'

An analyst at the largest bank in Africa claimed yesterday (May 7th) that now could be a good time to make a Gold Investment as inflation may be set to return, Reuters reports.

Some commentators have cautiously suggested in the past few days that the worse of the recession may now have passed and that a recovery is beginning in earnest.

While this would reduce gold's appeal as a safe haven, Walter de Wet from Standard Bank explained that it increases the likelihood of inflation and Gold Bullion is often bought as a hedge against it.

He told the news provider: "People who are bullish on gold would probably see this as a time to buy because, if indeed the recovery is close, we might see inflationary pressures creeping in sooner rather than later."

Those comments come after Larry Edelman, who was once the largest gold arbitrage trader in the world, offered a major endorsement of the value of gold investment last week.

"While I suggest you stay out of US Treasury notes and bonds, my position on gold remains the same: it's one of the best investments you will ever make," he wrote in his latest 'Money Markets' column.

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