Isnin, 2 Ogos 2010

Asians more likely to buy gold in next 6 months

Asian investors are more likely to buy gold in the next six months than their North American and European counterparts, a global survey found.

Research company Ipsos said a quarter of the 18,594 investors interviewed for its inaugural monthly survey said they were "somewhat or very likely" to invest in gold as a security or physical metal as opposed to jewelry in the next six months.

Gold's price has retreated from the all-time high it hit in late June amid fears that a European debt crisis might spread, but it remains more than 7 per cent higher year to date.

Among investors who said they would buy gold in the next six months, 47 per cent said they would invest gold to protect their wealth, and 53 per cent said they intended to profit from gold investments.

"When you have half of the people deciding to put forward their gold as speculation, and the other half deciding to put it in a defensive position, maybe that is just mirroring what's going on out there," said John Wright, Ipsos' senior vice president who wrote the report.

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