Gold Prices 'continue to defy gravity'
The benefits of Investing in Gold have been championed with the suggestion that Gold Prices are gravity-defying.
An article in the Daily Telegraph analyses the merits of Gold Investment against other commodities such as copper and zinc, stating that the yellow metal has "maintained its apparent ability to defy gravity".
Furthermore it reveals that Mark Dampier, head of research at Hargreaves Lansdown, the financial advisory company, is to continue Buying Gold, believing it to be a good "insurance policy".
The suggestion that Gold Prices will likely ignore economic gravity follows on from a recent summary by the World Gold Council (WGC) concerning trends underpinning the commodities sector in 2009.
According to the WGC's latest Gold Investment Digest, investors seeking protection against the collapse of the US dollar, the possibilities of future inflation and movements in central bank reserve management all contributed to rising Gold Prices, reports India Infoline, a financial markets news service.
Should these conditions remain in place, Mr Dampier's decision to invest in gold as an insurance policy could prove to be an astute move.
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