The Gold Demand
August 19th, 2009
The World Gold Council says demand for gold is up 46% from this time last year. The “Yellow Metal” still has appeal to those looking to back their paper dollars and investments with a hard asset. The investing public continues to run scared after what many thought was financial armageddon in 2008. Investing money is not something to be taken lightly. The hope of making your hard-earned money work as hard for you as you worked for it has gotten much more difficult. Fortunately, gold has stayed pretty stable in the last year and maintained a significant amount of the appreciation it enjoyed in 2008. The WGC expects gold to continue to rise and demand to go higher in 2009 and the forseeable future.
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