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Hedge Funds Pile Back into Gold

Hedge funds from all over the world are starting to rush back into gold, according to an article released over the weekend from Bloomberg.

 
PRLog - Feb. 14, 2011 - Hedge funds from all over the world are starting to rush back into gold, according to an article released over the weekend from Bloomberg. According to the article, the number of net-long gold futures held by money-managed funds jumped 17 percent last week to 145,846 contracts, the highest since April 2010.

Experts polled for the story believe there’s a renewed interest in gold from speculators that were worried about the metal earlier in the year. The turmoil in Egypt and the possibility that it could spread to other Arab nations caused the renewed interest in gold and gold coins. The price of gold coins actually rallied last week in their largest weekly gain since 2010.

People feel more comfortable moving back into gold coin investments with the recent correction in the price and instability in global politics.

Global Gold Group can help investors buy gold coins at these lower prices and protect themselves against the risk of global inflation and uncertainty. The firm is even offering a free Investment Gold Guide simply by visiting its website at http://www.aglobalcurrency.com. Don’t miss out on the upcoming rally in the price of gold. Check out their website today.

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Source:Global Gold Group
Industry:Finance, Family, Jewelry
Tags:gold, hedge fund, buy gold, invest in gold, price of gold, ounce, gold ira, 401k rollover, ira transfer, silver coin
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