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Thursday, 11th June 2009 (957 views)

The economic climate is boosting interest in gold among investors, it has been observed.

According to Canada's Globe and Mail, a wide range of options are available to those wishing to turn to the precious metal, including actually buying bullion.

Richard Maskobi, managing director of precious metals dealer ScotiaMocatta, told the news source that a growing number of people are purchasing gold, with sales having increased significantly in recent years.

He explained that the "general population" is turning to gold, because it is seen as a "store of value".

"People are worried about global financial institutions; people are worried about what governments are doing with the printing of money to finance deficits," said Mr Maskobi.

Last week, Australian company Gold de Royale urged investors to buy gold sooner rather than later, as the likelihood of a period of inflation being seen around the world is high and the precious metal can offer protection against this.

 

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