CITY VIEWS: AS GOLD HITS $1,200 AN OUNCE, WHY ARE INVESTORS STILL PUTTING THEIR MONEY IN THE COMMODITY?
PETER J CALLOW RISK MANAGEMENT
“Gold is a solid commodity, and there is so little confidence in the market that it’s little surprise investors are flocking to invest in it. Analysts were saying two years ago that gold would soar, and hearing what it’s worth today I’m now regretting not investing back then.”
PETER THOMPSON PWC
“Gold is historically a safe place to put your cash, and as investors lose faith in the market, they’re rushing to invest in the safest possible place. It can only go so high, though, before the price gets too much even for the cautious investor. I don’t think it’s peaked yet, though.”
BEN MITCHELL PGI SOLUTIONS
“It’s not a surprise that gold has hit a new high given the recent events in Dubai. Everybody is nervous about where to put their money anyway, and last week’s events just exacerbated things. Investing in gold is old fashioned, but it’s safe. People want security on investments.”