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Wednesday, 6th May 2009 (3815 views)

Physical gold is the "most important" investment that people can make in the current economic climate, an expert has claimed.

In an article for Uncommon Wisdom, a newsletter from Weiss Research analysts, precious metals specialist Larry Edelson writes that "no portfolio is safe from today's whirlwind of events and economic forces without gold".

He explained that record demand during the first three months of 2009 drove global demand for gold above the $100 billion (£66.3 billion) mark for the first time.

Mr Edelson pointed to the concentration of gold shops in Asia and the high levels of investment in the precious metal in the continent.

"Gold demand is on fire in China, India and the Middle East," he declared. "Everywhere, the rush for gold is soaring and it’s quickly becoming a veritable stampede."

In related news, a recent report available from Reportlinker indicated that people born during a birth peak in China are reaching marriageable age between 2009 and 2014, potentially boosting the company's gold jewellery market.

 

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