As
investors all over the world continue to opt for alternative
investment over traditional asset classes, demand for gold has
increased by 16 per cent over 12 months. In response, AAA predicts
demand will grow even further over the course of the year.
Boston,
MA, USA, May 30, 2012 -- As investors all over the world continue
to opt for alternative investment over traditional asset classes,
demand for gold has increased by 16 per cent over 12 months. In
response, Alternative Asset Analysis (AAA) predicts demand will grow
even further over the course of the year.
The
amount spent on gold in the past 12 months has increased to $59.7
billion around the world, which AAA claims was given a healthy boost
by China’s decision to hedge inflation by increasing its gold
investment by 10 per cent.
The
figures have been published by the World Gold Council in its Gold
Demand Trends report, which also shows that demand for jewelry in
China has driven the appetite for gold investment. “Demand for gold
rises alongside appetite for alternative investments, but also
increases when the population of a country gets wealthier and wants
to diversify the risk in their portfolios by investing in tangible
assets such as fine jewelry and precious metals,” explained AAA’s
analysis partner, Anthony Johnson.
Much
of the increase in gold buying took place among the Central Banks of
the world’s emerging economies. These banks are looking for asset
classes that will not necessarily follow the same patterns as stocks
and bonds and other traditional investments.
Mr
Johnson added, “And it’s not just financial institutions that are
looking at alternative assets to balance out their portfolios,
individual investors are now taking asset classes like gold, art,
antiques, timberland, real estate and even wine and classic cars
seriously.
“They
know that these assets can hold their value during an economic
downturn and, as a result, it’s a good idea to invest a large chunk
of any portfolio in this sector - especially in such uncertain
economic times.”
AAA,
an alternative investment advocacy group, supports various
alternative investment options, including timberland investment
through sustainable projects like those run by Greenwood
Management in Brazil.
About
Alternative Asset Analysis:
The
remit of Alternative Asset Analysis is to analyse and provide news on
the global performance of a wide range of alternative asset classes
including, but not restricted to, commodities, real estate, forestry,
foreign exchange, hedge funds, private equity and venture capital.
Media
Contact:
Anthony
Johnson
Alternative
Asset Analysis
71
Commercial St
Boston,
MA 02109-1320
617-939-9596
