Last Updated : January 27, 2010 05:30
Investors hope gold will touch $1,578 in 2010
People looking to Buy Gold should be those hoping to make the most of the precious metal's safe haven qualities.
That is according to mercenary geologist Mickey Fulp who believes that the most attractive aspect of gold is the safety it provides the buyer in times of financial uncertainty, according to the Gold Report.
In an interview for the report he said: "My view on gold hasn't changed. It's been the same since I bought my first gold nuggets in 1979. That's more than 30 years now. It is simply a safe haven. It's an insurance policy."
Mr Fulp's backing of the precious metal as a safe haven will come as good news to people looking to Buy Gold in the current climate, with economic uncertainty rife.
However, a recent survey conducted by Mineweb found that consumers remain bullish over Gold Investment opportunity, believing the yellow metal will reach a high of $1,578 per ounce this year.
Should such predictions be realised, Buying Gold could be more than just a safe haven.
NCDEX GURMUZZAFFARNAGARJUL12 20 July 2012
contract was trading at
Rs 0 . What's your view on it?
