Gold News

Investors 'still looking at safe haven of Buying Gold'

An independent mining industry consultant claimed on Friday (March 27th) that Gold Investment is still being favoured for its safe-haven qualities, Vietnam News reports.

Lawrence Roulston has over three decades of experience working in the mining sector, having served as an analyst for Cominco before becoming CEO of a group of exploration companies.

He has explained that investors are inclined to Buy Gold at present as they recognize the vulnerability of the dollar and are counting on the yellow metal to provide a store of wealth.

"Investors, still shell-shocked from the financial crisis, have turned to gold as a safe haven," he told the news provider.

"[They] are becoming more aware that debts of that magnitude are leading to massive increases in money supplies. Over time, that money will become less valuable in relation to hard assets, with gold being the most evident."

Mr. Roulston's comments come after Brien Lundin, editor of the Gold Newsletter, claimed recently that gold will continue to perform strongly as paper currencies suffer.

"In a future where every currency is competitively devaluing, where everyone is racing for the bottom of the hill, gold will outperform them all," he told Menafn.com.

"The stock of every national currency will multiply in size, driving the relative value of tangible assets - primarily gold - much higher."

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