Despite this year’s 12% price fall in gold there remains to be many solid reasons why now is as good as time as ever to invest in gold.
1. Bar and Coin sales have jumped by 78% compared to last year’s second quarter results
2. Asian demand remains high for physical gold in particular China and India who have made the most of the fantastic buying opportunities.
3. Central banks remain committed to gold staying within the 70-160 tonne range.
4. Demand for jewelry rose the highest in 5 years as the fall in gold price met a welcome reaction for gold buyers globally.
5. Quantitative Easing will not be scaled back in a rush, and is highly dependent on future US economic data.
6. Increase in bar purchasing from Germany and German speaking countries has increased. In particular 250 gram gold bars. Switzerland maintains to be a gold bug region as the country has historically seen holding gold as a measure of wealth.
7. American Eagle coins in the US have soared as a result of the buying opportunity. The buying frenzy resulted in a sell out of stocks!
Therefore as can be seen the case certainly remains positive for gold and is likely to continue to so for the mid to long term at least.
Buying gold online is very simple with KK Bullion, view our live price charts and extensive range of gold bars and coins online now.
If you would like any more information on this article please contact our knowledgeable and friendly experienced gold team on 01202 611061.