Today investors recognise that gold is not only a means for capital appreciation but also a way to protect their long-term savings and retirement
In the last ten years, the price of gold has risen by nearly 300 percent, even after including the price corrections of 2013 and 2015. This has been driven by factors such as a the global credit crunch, terror attacks, political unrest and soaring demand from Central Banks and institutional investors.
Citiing Goldman Sachs Patrick Bates says - My firm has just released a MAJOR buy recommendation in the GOLD MARKET. We completely agree with the Goldman Sachs assessment that gold will reach USD 1450 plus, and on top of being bullish on gold prices this year Goldman Sachs favorite commodity play is Long Gold.
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