The current demand for investment in gold has been fairly good these days. Let’s take a look at the previous year to get a better image. According to GFMS statistics, mine production increased by 6% and gold inventories increased by 27% in 2009. The most positive data was that investment in gold increased from 885 tonnes in 2008 to 1820 tonnes in 2009.
This is a 105% increase in global demand and is spectacular. In India, the main gold market, demand for gold investment increased by more than 500% in the second quarter of 2009. According to the World Gold Council, the total identifiable investment demand for gold in 2009 was very strong. This includes ETFs, gold bars and gold coins. According to WGC statistics, gold investment demand has increased to 222 tonnes over the past. Retail investment, including demand for gold bars and coins, increased 23% in 2009. Derivative investment increased by 10 tonnes compared to last year.
The increase in investment demand was caused by the economic crisis that occurred more than a year ago. After that, investors turned to safer and more powerful assets such as gold. Ignots are ideal for providing coverage in unpredictable socio-economic situations.
Certain situations indicate that demand for gold material remains healthy. Gold seems to be here to maintain a vibrant market and promote sound investment. Visit:- http://ccsao13.com/
Investors are increasingly aware of gold as an indispensable investment tool. Gold can play a strategic role in the face of multiple difficult financial situations. Many investors use gold and exchange-traded funds. This is arguably one of the most desirable hedges against a recession. Investment in ETFs accounts for the majority of total investment in Ignots.
The main driving force for high investment demand for gold is the belief that the growth rate of gold demand will exceed the supply of gold. Vulnerable economic conditions have forced investors to diversify their investment portfolio. Therefore, they naturally turned into gold.
Today, most investors own at least 10% of their investment in real gold or gold-related assets. Bullioin is considered an insurance policy against financial and currency crises. Gold is inversely correlated with the dollar. As the dollar falls and there is growing concern that it may fall further, the demand for investment in gold will increase. Gold provides a credible defense against the weaknesses of currencies common today.
Most investors believe that gold is the ultimate haven. In the current uncertain economic climate, the demand for investment in gold is increasing.