Inflation risk ‘is turning investors towards gold’

The popularity of gold is set to rise as investors opt for the precious metal as a means of escaping the risk of inflation, an expert has claimed.

President of Aurum Advisors Marc Lubaszka stated that demand for the precious metal will increase in the coming months, as the current economic crisis forces buyers to seek alternatives to the US dollar.

"Every financial advisor on the planet would agree there is never a time where you shouldn't have some of your money in gold," he told the International Business Times.

Mr Lubaszka added that many investors are purchasing larger amounts of gold than they would typically hold in "normal times", as it acts as a hedge against unexpected events.

His comments come after Canada's Financial Post predicted that demand for gold is likely to rise over the summer months.

The newspaper explained that purchases in India ahead of the wedding and festival season in October are likely to account for much of the increase.
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Gold ‘a good choice for diversifying investments’

Gold is an ideal choice for those looking to diversify their investment portfolio during the current economic crisis, it has been suggested.

Writing for The Street, investment expert Don Dion explained that the precious metal is an option for investors who are looking to spread their wealth around during times of financial turmoil.

"Gold has historically been one of the investments of choice for people seeking to hedge against the loss of the purchasing power of paper currency," he stated.

Mr Dion added that gold is a good way of diversifying a portfolio as it has "traditionally performed well" at times when other areas of the financial market have faltered.

His advice echoes that of What Investment, which recently noted that gold should be considered by investors looking to reallocate their assets.

Standard Life Investments told the news source that the precious metal is an ideal long-term purchase for those entering retirement.
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Gold used in nanotechnology molecule experiment

Scientists have used gold in an experiment that could create a new approach to how single molecules are studied.

Teams of researchers in Israel and the US have employed the precious metal in a demonstration of the differences between individual molecules adsorbed on small and large molecules, Spectroscopy Now reports.

The work may lead to a development in the area of Raman spectroscopy, which is used to examine the unique properties of individual molecules.

Scientists utilised gold to synthesise nanoparticles made of silver, as doing so enabled the growth rate and size of the objects to be controlled more precisely.

"Clear and systematic differences are observed between Raman spectra of individual molecules adsorbed on small versus large particles," the team explained.

US researchers at Vanderbilt University have also used gold to develop a new way of detecting the respiratory syncytial virus.

The work, recorded in the Analyst journal, could help to advance the treatment of such viruses as the new method can locate infections faster than current techniques.
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Fire River to buy Pacific North West option

Fire River Gold could be set to take over part of Pacific North West Capital after reaching agreement over an option to buy a subsidiary.

The deal relates to Mystery Greek Resources, the assets of which include the Nixon Fork Gold Mine in Alaska.

Fire River revealed that it is paying $50,000 (£30,300) for the option, once the agreement is signed.

If it then chooses to exercise it, a further $450,000 will be paid over six months, in addition to around $2.5 million worth of shares.

The Nixon Fork project originally began in 1995, before being closed two years later. However, limited production started again in 2007 and 6,775 ounces of gold were produced.

Last month, Golden Predator announced it was planning to take over the Ogopogo gold mining site in Alaska from Copper Ridge.

The deal, worth $750,000, also related to three other properties in Yukon, British Columbia and Mexico.

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Gold necklace ‘could be an heirloom’

A 24-c gold necklace from jeweller Nashelle has been described as a potential family heirloom.

The 'identity' piece features up to five bars that are engraved to order, allowing each buyer to customise their jewellery, the Examiner reports.

According to the portal, the necklace is "definitely" something that could be passed down through generations, as anything can be included on the bars.

"Any girl in the family would treasure a necklace featuring the names of her great-aunts and uncles, or grandmother's full maiden name, or quote that meant a lot to her mother," it stated.

In addition, the bars in the Nashelle necklace vary according to the length of the word chosen, which the Examiner suggested makes each one unique.

England's Yorkshire Post recently revealed that jeweller Abbeycrest is moving into the high-end market in order to meet demand for expensive items, with the Gorgeous Gold collection among its three new ranges.

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Celtic Rings releases new gold pieces

Updated versions of gold wedding rings celebrating Irish heritage have been produced by Celtic Rings.

The company has reintroduced its Celtic Warrior pieces, which feature patterns inspired by the Ardagh Chalice dating from the eighth century.

Sales manager at Celtic Rings Steven Forsyth said that changes have been made to accommodate modern preferences, with the new gold items coming with a narrower profile.

He explained that this leads to a more comfortable fit, while still allowing for detail and therefore the recognition of heritage.

"The Celtic Warrior ring collection has always been very popular. Today's brides and grooms like the combination [of] strength and beauty that [is] evident in the patterns on these rings," Mr Forsyth added.

Indian tribal culture was the inspiration for a range of jewellery that was recently launched by jewellery store Jetha Bhai Zaveri.

Known as Adi-Kriti, the collection features a number of gold pieces.

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“Staggeringly ornate” gold pendant to go on sale

A gold pendant thought to be worth between £150,000 and £250,000 is to go on sale next week.

Sotheby's will be auctioning off the piece, which dates from the 15th century, on Thursday July 9th, Art Daily reports.

The pendant was discovered in a field by an amateur metal detector and is thought to have been buried since the time of Henry VIII.

It is no bigger than a postage stamp, but features an engraving of God the Father, Son and Holy Spirit.

Carolyn Miner of Sotheby's sculpture and works of art department noted that the find is particularly rare, adding that the craftsmanship is "staggeringly ornate for such a small piece".

"It is remarkable that a gold pendant has survived intact and in such wonderful condition since the second half of the 15th century," she was quoted as saying.

A gold crucifix from the 16th century that was also discovered using a metal detector is being sold to an English museum, the Nottingham Evening Post revealed last month.

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Gold jewellery ‘key to summer fashion’

Gold jewellery is set to play a major part in the summer fashion scene this year, it has been suggested.

According to National Jeweler, designers' spring collections showcased the precious metal in a number of forms.

Large, bold earrings are among the items expected to be popular, with stacked bangles also set to be favoured.

Explaining that many people are likely to be "playful" with gold jewellery, it added: "Designers answered the accessorising question by saying that more is more, piling on the jewellery in a bohemian throw-down of designs of a crafty, organic bent."

Earlier this week, Canada's Financial Post newspaper observed that summer tends to be a particularly popular time for the precious metal.

It stated that demand in India accounts for much of this, as jewellers need to prepare for the wedding and festival season that begins in October and runs until Diwali in November.

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New gold watch is ‘functional, but luxurious’

A new gold watch created by Omega has been described as having a "functional attitude", despite its luxurious nature.

ViaLuxe noted that the brand's Seamaster Aqua Terra Chronograph is an 18-c gold timepiece that is likely to appeal to the high-end market.

The watch features gold hands and a new Omega dial that is intended to resemble wooden planks on yachts.

According to the portal, its functionality will be appreciated despite the fact that it is a lifestyle piece.

"The watch falls heavily in the direction of the person who wants an expensive watch from a brand they recognise, but that won't disappoint brand loyalists," it added.

ViaLuxe recently revealed that a unique gold watch had been specially created by Omega for an upcoming charity auction.

The model is a special version of the brand's Ploprof and will go on sale at the Only Watch event in Monaco on September 24th.

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Lawrence Roulston: Every Reason in the World to Believe Gold Will Go Higher

The Gold Report recently caught up with newsletter writer and analyst Lawrence Roulston of Resource Opportunities, who's been travelling to learn more about the state of mining worldwide. In this exclusive interview, Roulston provides his thoughts on the outlook for the economy and what factors impact gold and other metal markets. "As the Western world gets back on track," says Roulston, "commodity prices will continue higher."

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