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Thursday, 18th June 2009 (984 views)

Interest in gold as an investment is "clearly" growing, it has been observed.

Writing for the Telegraph newspaper in the UK, Richard Beales noted that the precious metal is proving attractive to both those who are worried about inflation and those who expect deflation to occur.

He explained that investors consider the precious metal to be a hedge against both outcomes, with "big losses on other types of assets" emphasising its value.

Mr Beales pointed to the fact that hedge funds have "extolled" gold's virtues lately as evidence that demand is "on the up".

He was commenting after TG-Gold-Super-Markt launched its first vending machine that dispenses gold coins and bars, although he noted that these are expected to act as gifts rather than investments.

The machine was introduced at Frankfurt Airport and plans are in place for a further 500 to be installed at train stations and airports across Germany.

 

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