The gold price
Gold Bullion will maintain 'safe-haven status' - 22 May 2010
Gold Bullion will continue to offer buyers a safe haven for their investments, it has been suggested.
Walter de Wet, an analyst at Standard Bank, has said that the precious metal will maintain its safe-haven lure as a result of the unstable euro and remain a sought-after option among investors looking for security in their portfolio.
He told Reuters: "Problems in the euro area should continue to provide some support [to Gold Prices]; these debt problems are not going to go away overnight. Gold will continue to have this increased safe-haven status."
MarketWatch has also recently hailed Gold Bullion as a form of financial protection, revealing that recent market activity indicated that there are a number of financiers who view the precious metal as a safety net.
The news provider said: "Recent gold offerings from David Einhorn's Greenlight Capital hedge-fund firm attracted more than $130 million, a sign some sophisticated investors are still looking for this type of inflation protection."
How best to Buy Gold today? "If there's an easier route to buying investment gold, I have not found it," says one BullionVault customer. Find out for yourself and start Investing in Gold here...
Walter de Wet, an analyst at Standard Bank, has said that the precious metal will maintain its safe-haven lure as a result of the unstable euro and remain a sought-after option among investors looking for security in their portfolio.
He told Reuters: "Problems in the euro area should continue to provide some support [to Gold Prices]; these debt problems are not going to go away overnight. Gold will continue to have this increased safe-haven status."
MarketWatch has also recently hailed Gold Bullion as a form of financial protection, revealing that recent market activity indicated that there are a number of financiers who view the precious metal as a safety net.
The news provider said: "Recent gold offerings from David Einhorn's Greenlight Capital hedge-fund firm attracted more than $130 million, a sign some sophisticated investors are still looking for this type of inflation protection."
How best to Buy Gold today? "If there's an easier route to buying investment gold, I have not found it," says one BullionVault customer. Find out for yourself and start Investing in Gold here...
Goldbug, 22 May '10
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