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Who Is Buying Gold And Why? – Telegraph


 -- Published: Thursday, 14 April 2016 | Print  | Disqus 

Who is buying gold and why is the question posed by The Telegraph today:

Queen Elizabeth inpects gold

“After four years of sharp falls, a sudden revival has been taking place in the gold market.

In the first three months of 2016 the price of the yellow metal soared by 20pc – its best quarterly performance since the financial crisis erupted in the final three months of 2008.

The gold price, currently around $1,260 an ounce, is well below its record peak of almost $1,900 achieved in July 2011, at the height of the European sovereign debt crisis.

For investors who have missed out on the rally so far, the big question is: has gold turned a corner, suggesting that it will continue to rise, or will it crash back down to earth?

As gold pays no income, it is difficult to value. Therefore, unlike an individual share or stock market index, it is less clear whether the metal is cheap or expensive at its current price.

To assess whether gold’s resurgence is here to stay, it is important to look at who has been buying it – and their reasons for doing so.”

The Telegraph points out the merits of having an allocation of 5% to 10% as part of diversified investment or pension portfolios.

See article here


Gold Prices (LBMA)

14 April: USD 1,240.30, EUR 1,101.04 and GBP 874.96 per ounce
13 April: USD 1,245.75, EUR 1,100.37 and GBP 875.33 per ounce
12 April: USD 1,259.20, EUR 1,102.15 and GBP 880.18 per ounce
11 April: USD 1,247.25, EUR 1,095.84 and GBP 878.96 per ounce
8 April: USD 1,235.00, EUR 1,085.18 and GBP 877.33 per ounce

Silver Prices (LBMA)
14 April: USD 16.13, EUR 14.32 and GBP 11.39 per ounce
13 April: USD 15.98, EUR 14.14 and GBP 11.21 per ounce
12 April: USD 15.96, EUR 13.98 and GBP 11.15 per ounce
11 April: USD 15.56, EUR 13.66 and GBP 10.93 per ounce
8 April: USD 15.16, EUR 13.34 and GBP 10.78 per ounce

Mark O'Byrne
Executive Director

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 -- Published: Thursday, 14 April 2016 | E-Mail  | Print  | Source: GoldSeek.com

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