bullionvault.com / By Ben Traynor / 07 Dec ’12
Self-directed gold investors share their outlook for 2013, and give their reasons for Buying Gold…
WE RECENTLY surveyed a small sample of BullionVault users and asked them why they’re buying gold and what they think 2013 might bring.
Among those who added to their holdings last month the principle reason given for buying gold was as part of their long-term savings strategy. Another major reason given was central bank policy.
“Central banks will carry out more quantitative easing to relieve pressure and try to stave off a serious economic setback,” one BullionVault user said, “while the economy will slowly stagnate. Expect mediocrity and stagnation (Japan-style), not disaster.”
“We are still not over the worse,” added another.
“And the global wallpapering over what are incredibly large economic cracks is extremely worrying.”
Although gold prices have retreated from their mid-November highs, the latter part of last month saw the amount of bullion held to back gold exchange-traded funds rise to record levels. The US Mint meantime reported its best month for sales of gold American Eagle investment coins since July 2010.
Western gold investors clearly see good reasons to add to their positions. The Gold Investor Index tracks the buying and selling activity on BullionVault, the vast majority of whose users are in the United States, United Kingdom or Eurozone.