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Tuesday, 7th July 2009 (3365 views)

The global gold market is seeing growth in spite of the recession thanks to strong demand for the precious metal from investors, it has been suggested.

Speaking to The Wall Street as part of its recent Gold Report, Jeffrey Christian of CPM Group claimed that strong investment demand is the most important factor helping to support the price rises seen in recent times.

"Investors have been buying more gold in more parts of the world for a longer period of time than ever before in history. This is over the last eight years," he remarked.

Last month, Aurum Advisors president Marc Lubaszka told the International Business Times that it is likely every financial adviser in the world would agree with the idea that it is always a good time to place at least a little money in the gold market.

Gold is not only a safe haven in uncertain economic times, but also an investment that could offer growth when other parts of a portfolio are failing to deliver in this regard, he commented.

 

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