London, UK (PRWEB UK) 24 February 2014
Analysts predict that the current run on gold investments may soon run out, as the price for gold increases to the spot price of £797.93 per troy ounce, and silver increasing by even steeper rates of £13.14 per ounce. But since the end of October 2013, many traders in both gold and silver have seen the highest investment since April, mainly due to weak trades in the stock market and a currency dip, and through the strength of the Chinese market.
China holds the world’s largest gold mining interests, with their mines producing 428 tonnes in 2013 alone, but this falls short of consumers’ demand, which averages 1,066 tonnes of gold per annum. The Chinese market has been seeking other avenues of supply to meet this demand from the European and US traders which has caused a shift from West to East with many traders experiencing an increase in consumer demand by 21%, reports the London-based bullion dealer, Postal Bullion.
India claimed the number one spot as the largest global consumer of gold for many years, so this sudden 32.0 per cent increase in the Chinese demand took the gold market by surprise. Most authorities in the financial world feel this present demand will be short-lived, tapering off in the coming months, as the economy implements adjustments to currency and stock rates.
“Despite the continued warnings from financial analysts, the growing demand for gold bars, coins and jewellery continues into 2014, across multiple sectors and geographies,” says Leon James, from Postal Bullion, the UK Based online bullion dealer. “Due to its stable value, precious metals such as gold and silver will always hold a place in both trading and investments from those interested in saving for the future.”
About Postal Bullion
Postal Bullion (http://www.postalbullion.com/) is a UK based online bullion dealer, working in association with Baird & Co, the largest UK bullion dealers. Postal Bullion offers investors the opportunity to buy gold bullion and silver bullion bars and coins at great prices in a convenient way. All items are dispatched fully insured, using a next day delivery service. Visit http://www.postalbullion.com/ for more information or call 0845 259 1925.