This year, the gold is likely to become more costly and in the first half of 2009, may touch an all-time high due to expected surge in investments, a report says. The main motivation behind this expected surge in investment is risk aversion and a desire to preserve wealth, as illustrated in its focus being physical bullion or allocated metal accounts, GFMS said in a report.
The consultancy said there has already been demand particularly from high net worth and retail investors for several months, mainly in Europe and North America. But it was masked by heavy fund redemptions as cash has been sought to cover losses elsewhere and meet margin.
GFMS Ltd is a leading precious metals consultancy, which specializing in research into the global gold, silver, platinum and palladium markets. In August 2007, the gold was almost 650 dollars an ounce and in March 2008, it breached $1,000 level an ounce.
The consultancy said there has already been demand particularly from high net worth and retail investors for several months, mainly in Europe and North America. But it was masked by heavy fund redemptions as cash has been sought to cover losses elsewhere and meet margin.
GFMS Ltd is a leading precious metals consultancy, which specializing in research into the global gold, silver, platinum and palladium markets. In August 2007, the gold was almost 650 dollars an ounce and in March 2008, it breached $1,000 level an ounce.
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