Notable Quotes
"NG could be quite rewarding to a patient resource investor." (2/6/12) NovaGold Resources Inc. - The Gold Report Interview with Byron King More >
"RV has multiple catalysts from a diversified asset base." (2/3/12) Revolution Resources Corp. - The Gold Report Interview with Joe Mazumdar More >
"Tests indicated NGC's jumbo flake is superior to Chinese graphite." (2/2/12) Northern Graphite Corporation - Morning Coffee More >
"LMA has a strong growth profile." (2/1/12) La Mancha Resources Inc. - Nicholas Campbell, Canaccord Genuity More >
"SVL is in a position to power much higher." (2/1/12) SilverCrest Mines Inc. - Clive Maund, Clive Maund gold, silver, & oil shares More >
"CNL continue to return robust average gold grades." (2/2/12) Continental Gold Ltd. - Jamie Spratt, Clarus Securities More >
"It is a critical year for ORV." (2/3/12) Orvana Minerals Corp. - The Gold Report Interview with Joe Mazumdar More >
"LMA has released excellent exploration drill results from two properties." (2/1/12) La Mancha Resources Inc. - Adam Lucas, Ocean Equities More >
Poll: Asian Investors Most Likely to Buy Gold
Source: World Gold Council (8/2/10)
"In North America, just 11% confirmed they might purchase gold."
A new survey has revealed that investors in Asia are more likely to buy gold in the next six months than those in Europe and North America.
The Ipsos poll, which involved 18,594 respondents, saw one-quarter of participants say they were somewhat or very likely to purchase gold for investment purposes, Reuters reports.
Three-quarters of the Indian and Indonesian investors said they were likely to buy gold, with over half of Chinese respondents saying the same.
In North America, just 11% confirmed they might purchase gold, while 7% of European investors did so.
Meanwhile, 47% of all participants in the poll said they were looking to invest in gold for wealth protection purposes, with 53% wanting to make a profit from the precious metal.
"When you have half of the people deciding to put forward their gold as speculation, and the other half deciding to put it in a defensive position, maybe that is just mirroring what's going on out there," report author John Wright commented.
Popular ways to buy gold include purchasing coins and bars made from the metal.
Sales of gold coins in particular soared earlier this year amid concerns over Greece's economy and the general state of the eurozone's finances.
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