Thursday, October 11, 2012

Gold's investment shine wanes

                                                                                  Source: World Gold Council

Gold has been a shining metal for most investors. A large part of the yellow metal's success in returns has been attributed to its safe haven investment status. But in recent times, the price increases appear to be more speculative than investment related. The reason for saying this is the fact that demand for gold as an investment has gone down. As per the World Gold Council, the investment related demand for gold (in tonnes) has seen a decline on a quarterly basis. One reason behind this could be the surge in price which makes the yellow metal expensive to hold. This could have led to the decline in demand

No comments:

Post a Comment