US response to financial crisis 'favors Gold Investment'

An experienced English analyst suggested on Tuesday (June 24th) that there are a number of economic factors currently at work which support Gold Investment.

Alistair Gilbert, formerly managing director of a Swiss fund management group with over $1 billion in assets, noted that global mining "has been in decline since 2000".

Writing on MarketOracle.co..uk, he also explained that the US government's fiscal response to the financial crisis should encourage investors to Buy Gold.

"With the US running negative real interest rates, massive federal and trade deficits, and printing trillions of new dollars to rescue reckless financial institutions, there is only one way that the dollar can go and that is down, which will be good for all commodities, but especially for gold," he wrote.

Mr. Gilbert's arguments come after a German company announced last week that it is developing a vending machine which will allow consumers to buy gold in boxes worth about $42.

Thomas Geissler, CEO of Reutlingen-based firm TG-Gold-Super-Markt, explained that he wants to offer people the chance to snap up the yellow metal if they believe a long inflationary period is on the horizon.

"People do not believe that the worldwide financial changes will have a good end. So I say give the people what they like to buy," he told the Associated Press.

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