The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Tuesday, 21st April 2009 (1332 views)

Investors are choosing to purchase gold and jewellery rather than equities because interest rates and stock markets remain low, experts claim.

The Royal Institution of Chartered Surveyors (Rics) has suggested that alternative investments such as gold jewellery and antiques have witnessed a "dramatic turnaround", according to MyFinances.

Ryan Beach, a member of Rics from Anthemion Auctions, said: "Over the last three months, we have seen an improvement in the market as a whole. Gold and jewellery have risen dramatically."

One third (33 per cent) of Rics members witnessed an increase in prices during the first quarter of this year, while 53 per cent reported that prices remained the same and 14 per cent saw a fall in prices.

In related news, Barry Stuppler wrote in Coin Connoisseur recently that collecting or investing in rare gold coins can deliver "enjoyment, profit, and satisfaction", particularly in the current economic climate.

 

« Back to Gold News stories