NEW YORK, NY, Oct 21, 2011 (MARKETWIRE via COMTEX) -- Gold stocks have been volatile of late as concerns regarding Europe's debt crisis resurfaced this week. While gold is traditionally seen as a safe haven in a slowing economy, Phillip Streible, a senior strategist with MF Global explains that "with renewed concerns that Europe will not have any progress any time soon, you are seeing investors take profits on the stock markets and that spills over to the metal markets." Gold demand remains robust, however, as India and China continue to hoard the precious metal. The Paragon Report examines investing opportunities in the Gold Industry and provides equity research on Paramount Gold & Silver Corporation PZG -0.86% CA:PZG -1.67% and Rubicon Minerals Corporation (nyse amex:RBY) CA:RMX -0.86% . Access to the full company reports can be found at:
www.paragonreport.com/PZG
www.paragonreport.com/RBY
A report from the World Gold Council (WGC) titled 'India: Heart of Gold' argues that Gold demand in India will continue to be robust in the next decade. The report estimates that cumulative annual demand will be in excess of 1,200 tonnes by 2020, registering a growth of 33 per cent. Presently India accounts for 32 percent of the global jewellery and investment demand. "Demand for gold will be driven by savings and growing income levels," said Ian Tefler, chairman of WGC.
China and India jointly accounted for 51 percent of global gold demand for investment and jewelry. According to the World Gold Council, Chinese demand for gold as an investment surged 70 percent in 2010 from a year earlier, outpacing all other markets in terms of the rate of change in demand for gold bars and coins as a store of value.
The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the gold industry register with us free at www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters.
The bulls who believe that gold prices will continue to surge may be inclined to look into gold miners. Investors in gold miners are banking on rising earnings, as gold prices rise, to provide value. Some miners sound confident that gold's run will continue and have started new mining ventures. However the sale of several gold sites may suggest that the industry peaked earlier this year.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.paragonreport.com/disclaimer
