World Gold Council: Demand For Gold ETFs Rose 540%! скачать в хорошем качестве

World Gold Council: Demand For Gold ETFs Rose 540%!

Wed, 20 May 2009 Investors are flocking to gold, with a 38% increase in total demand the past year, according to the World Gold Council's first quarter Gold Demand Trends Report. Rozanna Wozniak, investment research manager at the World Gold Council, speaks to CNBC's Europe Tonight regarding the outlook for the precious metal. Wozniak expresses confidence that central banks will renew their agreement next year not to dump their gold reserves. She also points out that the central banks of Russia and China boosted their gold reserves recently, and that the demand for gold ETFs has risen in the first quarter of 2009. "What we have seen, specifically in the last 3 or 4 months, is the dollar and gold relationship breaking down. Because investors, when they see the U.S. dollar going up, they're going, uhh... 'Is that really going to last? Am I secure in the fact that the U.S. dollar is going to keep going up? But then again, what are the alternatives? I have my concerns about the Swiss franc, about the Euro, [and] about the pound.' And they're actually seeing gold as not just a commodity, not just as some jewellery that you may wear, but also as an alternative monetary and reserve asset," says Wozniak.