Large investors, including some who anticipated troubles for the housing and financial sectors, have been buying gold, concerned that moves by governments to shovel money at problem areas could cripple leading currencies.
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Bearish Big Investors Catch Gold Bug
Monday, March 16th, 2009Gold Demand Rose 26% in Quarter on Investment Appeal
Monday, March 16th, 2009Gold demand rose 26 percent in the fourth quarter as investors bought the precious metal as a store of value amid a worsening global economy, the producer-funded World Gold Council said.
Read MoreGold Reigns Atop the Great Divide
Monday, March 16th, 2009Goldbugs and their similarly intense brethren, the “peak oilers,” appear to have had a falling out. Their apocalyptic visions of crude shortages and economic and political chaos helped prices of both oil and gold surge in recent years. Since early November, however, they have diverged, with New York Mercantile Exchange crude down more than 40%, and gold up by much the same amount.
Read MoreGold’s ‘Perfect Storm’ Rages On
Monday, March 16th, 2009Gold’s eight-year bull market may have at least a few more years to run and could carry the precious metal beyond an inflation-adjusted record north of $2,000 an ounce, managers of precious-metals and natural-resource mutual funds say.
Read MoreInvestors Rush into Gold Coins
Monday, March 16th, 2009Investors in Europe and North America went on an extraordinary shopping spree for gold coins and bars in the final quarter of last year, snapping up 148.5 tonnes, a jump of 811 per cent compared with the same period in 2007, as the collapse of Lehman Brothers led a massive increase in safe haven buying.
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