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Despite the price of gold lowering in recent days, the general consensus is that this is only a temporary set back and that now is the time to buy gold bullion as a safe haven against the current global economic uncertainties.
Gold production has increased significantly over the past year with many gold companies investing heavily in new mining developments around the world. It is this demand which is partly fuelling the current gold buying frenzy.
But are we in a "gold bubble" as some analysts suggest? With gold prices reaching record highs, demand for gold increasing and gold being increasingly be used as a hedge investment, if a bubble does exist it doesn’t look like it’s going to pop any time soon. |