Gold News

Luster of Gold Investment 'enhanced'

As the US economy continues to stutter, the attractiveness of Investing in Gold has only increased, according to one expert.

Gavin Wendt, senior resource analyst with Mine Life Pty Ltd in Sydney, believes that while many investment opportunities have succumbed to the effects of market fluctuations, Gold Investment not only remains strong, but is a more attractive proposition than before.

He said: ''I'm bullish on gold. In an economic environment full of uncertainty with respect to the outlook for US economic growth, gold remains the one constant whose luster is not only untarnished, but in fact greatly enhanced.''

Uncertainty over the US dollar could result in an increasing number of people Investing in Gold as they look to make the most of the safe haven it offers, he added.

Furthermore, Gold Prices could also receive a boost from a continuance of low production levels, which have struggled since the start of the Bull Run in 2001.

The Edge Financial states: "Gold output [has fallen] gradually [since 2001] despite strong recovery [in] Gold Price.

"The exhaustion of old mines was not replaced by new capacity partly due to limited investment in the past when gold price was low. For the time being there is still no indication that mine production will increase from new mines or marginal mines."

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