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Gold could be safe bet for long-term investors
Published on Mon, Mar 17, 2008 at 20:17 in 
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GREATER VALUE: Gold still remains a great investment and it still a worthwhile buy.
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The traditional remedy for inflation is gold. When inflation soars so does gold.
New Delhi: Rising gold prices may be keeping you away from investing in gold but according to the World Gold Council there is a lot of steam left in the yellow metal and gold is still a safe bet for the long-term investor.
Gold still remains a great investment and in spite of hitting a new all time every day it's still a worthwhile buy.
World Gold Council Chairman Greg Wilkins said, “Institutional investors are investing in gold market as the gold price is on rise.''
Institutional investment in gold securities is a huge $27 billion accounting for over 850 tonnes of the precious metal.
According to the World Gold Council, US recession and weakness in the dollar are spiking gold prices and a fall in supply is expected in the next 3 to 5 years.
The council is actively pushing for retail investment in gold. With annual gold purchases touching the 1000 tonne mark, India will remain a hot destination for gold marketers.
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