Gold Equity has Peaked and Gold Investment is Dropping
July 17, 2009 by Banker
Filed under Investing News
Recent reports have shown that the demand for gold has been decreasing. Gold is usually a metal where people often invest their money when they do not feel that the overall market is stable enough or secure enough to handle their investments.
Gold often rises whenever the overall market is dropping - this is because it is a fairly low-risk investment option that holds value very well. During the recent global recession, gold prices have risen sharply as more and more investors have placed their trust in the gold market.
However, recent statistics are showing that gold is starting to fall very slightly. Bullion for immediate delivery fell about .2 percent to $935.7 an ounce at 1:31 pm in Singapore.
Gold has “had a really big run relative to other commodities this year,” Westpac’s Smirt said. “If you want to see gold really get a ‘wiggle’ on, you’re going to have to see a huge run on oil, copper and the major comodities, and really be showing there’s a huge, massive demand-pull and potential inflationary risk out there.”
For more information, read up on this issue at: http://www.bloomberg.com/apps/news?pid=20601091&sid=aGpLew6dp2XY