ZLATO – Angličania už preferujú žltý kov

If Britons still have some money left after the credit crunch, they are investing it in the good old yellow metal — just like Indians. Gold has replaced the traditional British investments like property, stocks, shares and expensive cars.

Last year saw an 81 per cent increase in UK investment in gold coins, taking the amount bought to 4.5 tonnes. Bullion traders see the demand going up this year too.

Mr David Walker, a gold investor, told The Independent, "Some people thought it was an odd thing to invest in, but there is a great sense of actually owning something. If you put your money in pension funds, it could lose money, if you give it to a fund manager, they might lose it, but having it in gold makes you sleep a lot better at night."

Článok: www.asianage.com/presentation/leftnavigation/news/business/now,-uk-too-joins-gold-rush.aspx

31.07.2008

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value."   Alan Greenspan