(PRWEB UK) 3 October 2012
City analysts have predicted that gold will hit a record high of $2,000 (£1,240) an ounce, as people begin to fear investing their money elsewhere.
Gold has been steadily rising since June, affected by the ongoing eurozone debt crisis, a stalled US recovery and China’s slowdown.
The Deutsche Bank predict that gold will reach the £2,000 mark in the first half of 2013, and that we should see gold reach $1,900 by the end of the month.
A spokesperson from Physical Gold said:
“In an unpredictable economy, it makes sense for investors to turn to hard assets like gold to ensure a safe investment for their money. With quantitative easing measures like those introduced by the Federal Reserve, paper money is undermined and loses its value. We’re seeing interest rates near zero and investors want some kind of return on their money. In this current climate, gold looks to be the sensible choice.
“By investing in gold bullion bars or gold coins, investors have a safety net for their money. With gold prices set to reach record highs, it is no wonder gold investment is becoming a popular choice.”
Physical Gold is continuing to watch these developments with interest.
Physical Gold Ltd is a leading UK gold dealer, helping investors diversify their portfolios with innovative investment solutions. Renowned for their ground breaking products such as the Sipp gold and Gold Accumulation Account, the firm specialise in providing customers with tailored assistance in sourcing the best gold for their personal requirements. Based in London, the team are BNTA accredited and have an unrivalled knowledge of the gold market as well as an exceptional understanding of the general financial markets.