Gold investment enquiries on the increase, reports financial advisor
www.moneynews.co.uk > General finance > Gold investment enquiries on the increase, reports financial advisor
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Money News |
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Gold investment enquiries on the increase, reports financial advisor
Fri 6th Nov 2009
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Keith Churchouse, director of Churchouse financial planning, said the company has had a lot of interest in gold in the last 12 months from consumers looking to find a secure investment for their money.
He said gold is a high-risk venture that can be purchased in several wide-ranging formats.
"There are gold and mining funds and there is no reason why someone cannot go and buy Krugerrands, as an example, or sovereigns".
Mr Churchouse commented after the price of gold hit $1,090 (£656) per ounce on November 4th.
A survey of their stockbroker clients by Barclay's Wealth last month found that 40 per cent believed that the price of the precious metal would continue to rise.
Head of investments at Barclays Stockbrokers Barbara-Ann King said the number of investors flocking to gold over the last nine months had been triggered by its perceived safety during times of financial crisis.
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