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."

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...
ADNFCR-1047-ID-19576944-ADNFCR

See all articles by Gold Bug here.

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.

Follow Us

Facebook Youtube Twitter LinkedIn

 

 

Market Fundamentals