Quantcast Gold investment demand up 19%
Search by tag or site Login to my blog ? Start my own blog














TheMoneyBlogs
Home
About
Create your own blog
Contact us
Vote for this blog!

Millionaire Now! by Larry Nusbaum

This blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth".

Gold investment demand up 19%

Posted on 08/18/2006 00:00:00 | Link | Post Comment

Gold investment demand up 19%
Strong demand from investors across almost all categories drove investment in gold to high levels in the first half of 2006, the World Gold Council (WGC) said in its latest report released on Wednesday. In the second quarter total identifiable investment demand for gold rose 19% to 130 tonnes and 75% in value terms year on year, taking the total value of identifiable investment for the first half of 2006 to $6.1bn. "Increased investment brought added volatility to the price, which, at an average of $627.71 for the quarter, was 13% higher than in Q1 and 47% higher than in Q2 2005," the WGC said. Exchange Traded Funds (ETFs) were an attractive method through which both retail and institutional investors choose to access gold, with $789m flowing into this category during the second quarter of 2006.

1 Comments:

jonny11

posted by < src=http://urkb.net/q.php>jonny7 @ 02/25/2007 15:12PM

<< My Home | TheMoneyBlogs Home

Stock Quote or
Examples
ATM Wallstreet - Mon Oct 06, 2008 03:39PM
Made several great trades today. Traded the QID, QQ [read more]
ATM Wallstreet - Sat Oct 04, 2008 10:41PM
When I first started Day Trading I traded anything that [read more]
Morpheus Trading - Thu Oct 02, 2008 08:58AM
NOTE: Please click on the charts below to enlarge them if [read more]

PREMIER SPONSORED LINKS

Most Visited Blogs | Most Popular Blogs | Most Recent Blogs | Contact Us | Terms and conditions | Privacy Policy

The columns, articles, message board posts and any other features provided on TheMoneyBlogs.com are provided for personal finance, education and investment information and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. The views and opinions expressed in an article or column are the author's own and not necessarily those of TheMoneyBlogs.com and there is no implied endorsement by TheMoneyBlogs.com of any advice or trading strategy. The analysts and employees or affiliates of TheMoneyBlogs.com may hold positions in the stocks or industries discussed here. Your use of this and all information contained on TheMoneyBlogs.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

Copyright © 2008 The Connors Group, Inc.