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Monday, 29th June 2009 (941 views)

Investment in gold has been predicted to continue rising this year, as global economies face difficulties and safe havens are sought.

A report by GFMS indicated that demand for the precious metal is likely to remain high, with gold coins among the options attracting investors.

Philip Klapwijk, executive chairman of the research and consultancy firm, explained that the current economic situation will play a key role, with uncertainty being seen around the world.

"Given increasing fears over the long-term inflation threat in western countries, we expect world investment to see a massive increase this year," BullionVault quoted him as saying.

It comes after the Australian newspaper reported that a number of millionaires have been choosing gold as a result of problems in the financial markets.

The news source explained that many are opting to withdraw their money from unstable wealth management funds, deciding instead to invest in the precious metal and jewellery.

 

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