Gold News

Gold price is 'still on a long-term bull run'

A UK-based chartered financial planner has suggested that despite gold's recent volatility and price dips, it still represents a sound long-term investment, the Daily Telegraph reports.

The price of the yellow metal has veered up and down considerably since touching its record peak of $1,030 per ounce in March as the economic landscape has blurred further.

However, Personal Finance Society Fellow Jonathan Davis, of Armstrong Davis, has explained that buying gold is a prudent investment strategy as prices will continue rise in the long run.

He told the newspaper: "In spite of the falls this autumn, the gold price is on a long-term bull run, which started in 2000."

Mr. Davis' comments were echoed recently by Boonlert Siripatvanich, the president of Bangok-based gold trading service provider Ausiris Gold Investment.

He expressed his belief that investors will be looking to buy gold for the forseeable future, commenting: "Savings demand has increased due to the economic uncertainties. Gold is a good alternative for savings or investment."

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