You are here : Home >> Gold >> Report
Demand in gold rises on fears of hyperinflation
2009-06-24 11:05:00
 Print  |
 Email  |
  Discuss  |
Check Services
Gold's popularity is remaining strong due to the current weaknesses in global economies, it has been suggested.

According to the American Chronicle, buyers in the US are still opting to purchase the precious metal due to fears over hyperinflation, which would see the value of the dollar fall.

"If somebody offered you a $100 (£61) in paper [money] or $100 in gold, you would take the gold," expert Jerry Landry told the news source.

He noted that it is a "relatively hard" metal to acquire due to its finite quantities, meaning that "it will always be accepted in every country".

Trade commodities or equities from across the globe. Join Now

Mr Landry added that "everybody" should keep hold of a "little" of the precious metal.

His comments follow those of Richard Beales, who recently told the UK's Daily Telegraph newspaper that investors are opting to purchase gold as a hedge against the risk of both inflation and deflation.

This news feed is independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.
Explore Commodity
Online
Read
Check Out
In Depth
Channels
Research
SMS Services
Others
About Us   |    Advertise   |    Contact Us   |    Feedback   |    Disclaimer   |    Terms & Conditions   |    Sitemap