The Gold looked by investors
03-11-2009 golden marketThe gold more and more looked by investors, registers in this year 2009 a rise of 20 %, undoubtedly an impressive career. The golden demand has gone off with the economic crisis, which has provoked a fundamental change of dynamics on the market and it restored a change of mentality in Occident. Namely what does the market of the gold go out reinforced of the crisis, and has ahead a brilliant future helped by a balance of the offer and the demand and an insatiable appetite of the savers.
The leader of the World Council of the Gold (World Gold Council), Aram Shismanian, thinks that the gold has been transformed by the crisis and it is not already reserved to the specialists. While formerly what was dictating the prices of the gold was the demand of the jewelry shop, now they are the small investors those who make them rise. According to Shismanian, the gold is more and more looked by institutional investors worried for diversifying and protecting his patrimony, like the American pension funds.
Mark Lynam, maximum leader of the third world producer of gold AngloGold Ashanti, says:
“The perspectives of the gold, although difficult to predict in the short term, they are very healthy and the favorable factors are multiple.”
Mehdi Barkhordar, the director of the Swiss company PAMP, one of the first manufacturers of golden coins and golden ingots of the world, explains:
“The gold has turned into refuge for the European and American savers, who have re-discovered the advantages of the only type of really sure assets, as the value of the gold, contrary to other investments, is not tied to an issuer who can fail.”
The gold has reached in October, 2009 1.070,80 dollar on the market to the few one and there beat the record historical gold established in the northern spring of 2008 (1.032,70 dollars the ounce).
03-11-2009
