The gold price
Systemic risk in the dollar 'prompting Gold Investment' - Wednesday 3rd June 2009
A prominent figure at Saxo Bank claimed yesterday (June 2nd) that investors are looking to Buy Gold at present because they sense weakness in the US dollar, Reuters reports.
The yellow metal is often viewed as an alternative investment to paper currencies and in particular the greenback, with which it has historically shared an inverse relationship.
Now Ole Hansen, senior manager at the Danish online investment bank, has explained that Gold Investment is proving popular as insurance against declining purchasing power.
He told the news provider: "All this talk about systemic risk in the dollar and where you can hedge yourself against, that means commodities will be favored."
A similar view was expressed last week by Edison Investment Research analyst Charles Gibson, who noted that central governments' huge fiscal output to tackle the recession will ultimately benefit gold.
"History suggests they [the governments] will probably overdo it. Gold is sailing and the wind is behind it," he told Fund Strategy.
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...
The yellow metal is often viewed as an alternative investment to paper currencies and in particular the greenback, with which it has historically shared an inverse relationship.
Now Ole Hansen, senior manager at the Danish online investment bank, has explained that Gold Investment is proving popular as insurance against declining purchasing power.
He told the news provider: "All this talk about systemic risk in the dollar and where you can hedge yourself against, that means commodities will be favored."
A similar view was expressed last week by Edison Investment Research analyst Charles Gibson, who noted that central governments' huge fiscal output to tackle the recession will ultimately benefit gold.
"History suggests they [the governments] will probably overdo it. Gold is sailing and the wind is behind it," he told Fund Strategy.
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, 03 Jun '09
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.
