investors-are-going-for-gold

Investors are going for gold

The World Gold CouncilÆs Marcus Grubb explains why gold typically shines in a global crisis and why the upside has been somewhat capped in the current downturn.

Daniel Inman

November 27, 2008

In a crisis, gold really comes into its element as a safe haven investment, and this time is no different as investors rush for the precious metal at an unprecedented rate. According to the World Gold Council, demand for gold was at an all time high at $32 billion in the third quarter û 45% higher than the investment record set in the previous three months.

Investment-driven demand, which includes demand derived from exchange-traded funds ETFs and people buying gold bars and coins, was the biggest contributor to demand over the past quarter.

ôOn price, although its performance hasn't been stellar, if you look at it compared to all other asset classes such as...

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