Brentwood Group are thought to believe that investor interest in gold has returned as the global banking system teeters on the brink of meltdown.
Gold is seen as the ultimate store of wealth and as a hedge against inflation and this reputation has seen retail investors shifting capital into bullion all over the world.
In response to a question about why gold prices were still below $900, a Brentwood Group spokesperson reportedly said that many financial institutions and hedge funds were forced sellers and were liquidating holdings in the precious metal to meet margin calls and obligations in other sectors and the fact that the price continues to hold firm showed that there were plenty of buyers at under $900 supporting the market.
Brentwood Group have reportedly been advising clients to hold gold in various forms as a form of insurance against inflationary measures being taken by global central banks since the beginning of the global credit crisis.
