People 'treating gold as money'
Personal insurance
9th September 2010
Gold is increasingly being treated money, as it has now become an accepted currency.
This is the assertion made by one expert, who suggested that the precious metal has become a "safe haven".
Chairman of Rapaport Group Martin Rapaport suggested that "people want to have some security" and are investing in gold items as they "think that gold demand will always be in excess supply".
He was speaking at the International Jewellery London trade show this month and claimed gold is "just another money", with huge stockpiles of the material held by governments around the world.
Those seeking a UK insurance policy to protect items such as gold jewellery may also be interested in a recent report by the World Gold Council, which suggested that demand for gold will remain high for the rest of the year, boosted by accelerating levels of purchasing in nations such as China and India.
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