Read More: Gold investment digest
- Publishing Date
- 30 Jul 2010 12:10pm GMT
- Author
- Mining Journal
MJ Read More
The Mining Journal website this week includes the latest Gold Investment Digest (GID) from the World Gold
Council (WGC).
GID notes that the quarter to end-June saw “significant net inflows into various gold-backed investment vehicles as investors sought to harness gold’s investment benefits at a time of weakness and pronounced volatility in other asset classes”.
According to WGC, gold “retained its lustre” as a protector of wealth because of “mixed economic news around the world, concerns over a double-dip recession and significant fiat currency weakness”.
With regard to jewellery demand, GID suggests that China has remained resilient.
Council (WGC).
GID notes that the quarter to end-June saw “significant net inflows into various gold-backed investment vehicles as investors sought to harness gold’s investment benefits at a time of weakness and pronounced volatility in other asset classes”.
According to WGC, gold “retained its lustre” as a protector of wealth because of “mixed economic news around the world, concerns over a double-dip recession and significant fiat currency weakness”.
With regard to jewellery demand, GID suggests that China has remained resilient.
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