Sun Worldwide – Gold Still Holding Fast.

Dec. 8, 2008 - PRLog -- Sources close to Sun Worldwide suggest that gold is reasserting its status as the de facto safe-haven in times of economic instability.

Despite commentary from skeptics suggesting that gold has failed to reach its highs of $1030 an ounce even in the face of the most severe financial crisis in a generation, one of the Sun Worldwide sources cited its value against the British Pound, the euro, the Canadian dollar and the Australian dollar as evidence of its effectiveness as a hedge against devaluation of paper currencies.

The Sun Worldwide source said that although gold is currently trading in a range between $770 and $840, it would by more than 12%

more sterling than it did a year ago.Sun Worldwide apparently believe that global central bank monetary and government fiscal policies will inevitably result in severe inflationary pressures that will see gold rise significantly over the next 3 – 6 months.

The Asian-based investment management firm has advised clients to continue acquiring the precious metal on any price below $900 in anticipation of sharp moves to the upside in the near term.