Gold News

Strong Gold Investment demand 'to continue'

A senior figure at the World Gold Council (WGC) has suggested today (February 18th) that Gold Investment will continue to be strong as the economy struggles, Dow Jones reports.

There has been a steady flow of money into the yellow metal in recent months, which has led to forecasts that the Gold Price will soon top its record high of £1,033 per ounce.

Now George Milling-Stanley, official-sector director at the WGC, has explained that this trend is likely to persist as concerns grow over the state of the future economic landscape.

He told the news provider: "We're looking for continued strong investment demand ... for as long as the economy remains in pretty dire circumstances."

Mr. Milling-Stanley's comments come after Angus Murray, founder of Castlestone Management, explained last week that investors are wary of the threat of inflation.

"People need a real asset to offset inflation," he told Reuters.

"Investors are putting gold into their portfolios as an insurance policy. In 24 or 36 months time, gold will be higher by a minimum of the growth rate in money supply."

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...


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