Gold News

WGC: There are plenty of macro-economic reasons for Gold Investment

A senior figure at the World Gold Council (WGC) claimed yesterday (June 11th) that there are a number of reasons to Buy Gold at present.

Marcus Grubb, the body's managing director of investment, research and marketing, explained that central banks would be justified to increase their gold holdings to between 40 and 50 percent of their reserves.

Speaking at a conference organised by ETF Securities, he also explained that Gold Investment for individuals makes sense as the current macro-economic landscape favors the yellow metal.

"It is not only about the dollar, not only about diversification, but also about future inflation," he was quoted by the news provider as saying.

A similarly bullish view was put forward last week by Rupert Robinson, chief executive officer at Schroders Bank, who described investing in gold as a "heads you win, tails you win" situation.

"The dollar is beginning to wobble, US treasuries are under pressure on fears of downgrades and mounting deficits, and inflation is set to rise," he said in an interview with the Daily Telegraph.

"Regardless of your outlook for the economy, gold is a great each-way bet. It is an investment that works as well in an inflationary environment as a deflationary one."

Researching your first Gold Investment today? Don't pay more than you should! Make it cheap, simple & ultra-secure at BullionVault...


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